Viawealth LLC Decreases Position in Alphabet Inc. (NASDAQ:GOOGL)

Viawealth LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,007 shares of the information services provider's stock after selling 1,651 shares during the quarter. Alphabet makes up about 2.1% of Viawealth LLC's holdings, making the stock its 11th biggest holding. Viawealth LLC's holdings in Alphabet were worth $3,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GOOGL. Compass Planning Associates Inc bought a new position in Alphabet in the fourth quarter worth $30,000. LMR Partners LLP purchased a new stake in shares of Alphabet in the 3rd quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after acquiring an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter valued at about $39,000. Finally, PayPay Securities Corp boosted its stake in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after acquiring an additional 65 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GOOGL. Bank of America reiterated a "buy" rating and set a $210.00 target price on shares of Alphabet in a report on Monday, December 23rd. Wolfe Research boosted their target price on Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. UBS Group set a $190.00 price target on Alphabet in a report on Thursday, March 27th. Roth Mkm reiterated a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $209.13.

Remove Ads

Alphabet Price Performance

Shares of GOOGL stock traded down $4.81 on Thursday, hitting $152.23. 23,998,311 shares of the stock traded hands, compared to its average volume of 27,373,083. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05. The firm has a 50 day simple moving average of $177.19 and a two-hundred day simple moving average of $176.95. The firm has a market cap of $1.86 trillion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. As a group, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business 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 0.53%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares of the company's stock, valued at approximately $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares of the company's stock, valued at $3,468,029.04. This represents a 13.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,297 shares of company stock worth $15,936,270 over the last quarter. Insiders own 11.55% of the company's stock.

Alphabet Company 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.