Alphabet Inc. (NASDAQ:GOOGL) Stake Lowered by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,762 shares of the information services provider's stock after selling 3,421 shares during the period. Alphabet comprises about 5.9% of Wisconsin Capital Management LLC's portfolio, making the stock its 3rd biggest holding. Wisconsin Capital Management LLC's holdings in Alphabet were worth $10,745,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Alphabet by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider's stock valued at $1,871,384,000 after acquiring an additional 337,031 shares during the period. First Commonwealth Financial Corp PA increased its stake in shares of Alphabet by 0.7% during the third quarter. First Commonwealth Financial Corp PA now owns 31,900 shares of the information services provider's stock worth $5,291,000 after purchasing an additional 218 shares in the last quarter. FORA Capital LLC raised its position in shares of Alphabet by 222.5% during the 3rd quarter. FORA Capital LLC now owns 22,500 shares of the information services provider's stock worth $3,732,000 after purchasing an additional 15,523 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Alphabet by 9.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,385,621 shares of the information services provider's stock valued at $727,355,000 after buying an additional 364,348 shares in the last quarter. Finally, Boussard & Gavaudan Investment Management LLP acquired a new stake in Alphabet in the 3rd quarter worth about $17,523,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several research reports. Westpark Capital upgraded Alphabet to a "strong-buy" rating in a research report on Tuesday, April 1st. Piper Sandler cut their target price on Alphabet from $208.00 to $185.00 and set an "overweight" rating for the company in a research note on Thursday. DA Davidson upped their price objective on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their target price on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, JMP Securities reissued a "market perform" rating on shares of Alphabet in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.51.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 2,834 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was 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 approximately $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the sale, the director now owns 21,824 shares of the company's stock, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,797 shares of company stock valued at $21,089,470. Insiders own 11.55% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOGL traded up $4.32 during trading hours on Friday, hitting $157.14. The company had a trading volume of 33,590,459 shares, compared to its average volume of 28,213,740. The business has a 50 day moving average of $168.52 and a 200-day moving average of $176.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a market cap of $1.92 trillion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet's dividend payout ratio (DPR) is 9.94%.

About Alphabet

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.