Value Aligned Research Advisors LLC Cuts Stake in Alphabet Inc. (NASDAQ:GOOG)

Value Aligned Research Advisors LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 72.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,198 shares of the information services provider's stock after selling 3,110 shares during the quarter. Alphabet makes up 0.1% of Value Aligned Research Advisors LLC's holdings, making the stock its 27th biggest position. Value Aligned Research Advisors LLC's holdings in Alphabet were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. Fiduciary Advisors Inc. bought a new position in Alphabet in the 4th quarter valued at approximately $27,000. LSV Asset Management bought a new position in shares of Alphabet during the fourth quarter worth about $27,000. WealthTrak Capital Management LLC acquired a new position in shares of Alphabet in the fourth quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. bought a new stake in Alphabet in the fourth quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC acquired a new stake in Alphabet during the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. UBS Group decreased their price target on Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank lifted their target price on Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $208.71.

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Insiders Place Their Bets

In related news, insider John Kent Walker sold 17,690 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 200 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $161.90, for a total transaction of $32,380.00. Following the completion of the sale, the director now directly owns 7,613 shares of the company's stock, valued at $1,232,544.70. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,663 shares of company stock valued at $20,286,447 in the last three months. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Down 2.0 %

Shares of GOOG traded down $3.18 on Wednesday, reaching $155.50. The company's stock had a trading volume of 16,903,318 shares, compared to its average volume of 19,384,837. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The stock has a market capitalization of $1.90 trillion, a PE ratio of 19.32, a PEG ratio of 1.34 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $169.17 and a 200-day moving average of $177.83.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is 9.94%.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.