Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP decreased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,574 shares of the information services provider’s stock after selling 755 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in Alphabet were worth $677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LMR Partners LLP acquired a new position in Alphabet in the 3rd quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Alphabet by 518.8% during the fourth 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 during the last quarter. Denver PWM LLC raised its position in Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 57 shares during the period. Quarry LP acquired a new position in shares of Alphabet in the 2nd quarter valued at $53,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Alphabet during the 3rd quarter worth $66,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 0.1 %

NASDAQ GOOGL opened at $191.60 on Friday. The firm’s 50 day moving average price is $190.83 and its two-hundred day moving average price is $174.52. The stock has a market cap of $2.35 trillion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.31 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. Equities analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Alphabet’s payout ratio is currently 9.94%.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,529 shares of company stock worth $16,600,078. 11.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Bank of America reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Alphabet in a report on Wednesday. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research note on Wednesday. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $210.00 price target on shares of Alphabet in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

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.