Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,323 shares of the information services provider’s stock after selling 2,099 shares during the quarter. Capital Advisors Inc. OK’s holdings in Alphabet were worth $4,983,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Peoples Financial Services CORP. lifted its holdings in shares of Alphabet by 1.3% in the third quarter. Peoples Financial Services CORP. now owns 14,939 shares of the information services provider’s stock valued at $2,478,000 after buying an additional 186 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in shares of Alphabet by 2.9% in the third quarter. Sumitomo Life Insurance Co. now owns 190,810 shares of the information services provider’s stock valued at $31,646,000 after buying an additional 5,306 shares during the period. McKinley Carter Wealth Services Inc. lifted its holdings in shares of Alphabet by 1.1% in the third quarter. McKinley Carter Wealth Services Inc. now owns 80,123 shares of the information services provider’s stock valued at $13,288,000 after buying an additional 856 shares during the period. Sentinel Pension Advisors Inc. lifted its holdings in shares of Alphabet by 13.0% in the third quarter. Sentinel Pension Advisors Inc. now owns 2,213 shares of the information services provider’s stock valued at $367,000 after buying an additional 254 shares during the period. Finally, Leisure Capital Management lifted its holdings in shares of Alphabet by 1.1% in the third quarter. Leisure Capital Management now owns 17,160 shares of the information services provider’s stock valued at $2,846,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ruth Porat sold 17,690 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the sale, the insider now owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,299 shares of company stock valued at $25,055,751. Insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GOOGL shares. Morgan Stanley reduced their target price on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. DA Davidson upped their target price on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Citigroup reduced their target price on Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Wedbush upped their target price on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $179.66 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 1.34 and a beta of 0.99. The business’s 50-day simple moving average is $192.46 and its 200-day simple moving average is $175.81. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio 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.