Y.D. More Investments Ltd Trims Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Y.D. More Investments Ltd lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,148 shares of the information services provider’s stock after selling 1,690 shares during the quarter. Y.D. More Investments Ltd’s holdings in Alphabet were worth $4,761,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Strategic Wealth Partners Ltd. raised its position in Alphabet by 9.8% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 81,302 shares of the information services provider’s stock valued at $13,484,000 after purchasing an additional 7,247 shares in the last quarter. Sovereign Financial Group Inc. increased its stake in shares of Alphabet by 0.6% during the third quarter. Sovereign Financial Group Inc. now owns 37,215 shares of the information services provider’s stock valued at $6,172,000 after buying an additional 205 shares during the period. StoneCrest Wealth Management Inc. raised its holdings in shares of Alphabet by 0.7% in the third quarter. StoneCrest Wealth Management Inc. now owns 21,509 shares of the information services provider’s stock valued at $3,567,000 after acquiring an additional 140 shares in the last quarter. Partnership Wealth Management LLC lifted its stake in Alphabet by 40.5% in the third quarter. Partnership Wealth Management LLC now owns 801 shares of the information services provider’s stock worth $133,000 after acquiring an additional 231 shares during the period. Finally, First PREMIER Bank grew its holdings in Alphabet by 3.8% during the 3rd quarter. First PREMIER Bank now owns 1,655 shares of the information services provider’s stock worth $275,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $185.23 on Friday. The company has a market capitalization of $2.27 trillion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.84. The company’s fifty day moving average price is $192.64 and its 200 day moving average price is $175.03. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, research analysts predict that Alphabet Inc. will post 8.91 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Analyst Ratings Changes

Several research firms have recently commented on GOOGL. Bank of America restated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Monday, December 23rd. DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price for the company. in a report on Thursday, February 6th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Pivotal Research upped their price objective on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Thursday, December 12th. Ten investment 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 company. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total value of $3,975,075.00. Following the sale, the chief executive officer now directly owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,529 shares of company stock valued at $16,600,078. Company 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.