Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Shaker Investments LLC OH

Shaker Investments LLC OH reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,082 shares of the information services provider’s stock after selling 303 shares during the period. Alphabet makes up about 3.7% of Shaker Investments LLC OH’s holdings, making the stock its 5th biggest holding. Shaker Investments LLC OH’s holdings in Alphabet were worth $8,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peoples Financial Services CORP. grew its holdings in shares of Alphabet by 1.3% during 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 purchasing an additional 186 shares during the last quarter. Sumitomo Life Insurance Co. grew its stake in Alphabet by 2.9% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 190,810 shares of the information services provider’s stock worth $31,646,000 after buying an additional 5,306 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its position in 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 worth $13,288,000 after buying an additional 856 shares during the period. Sentinel Pension Advisors Inc. lifted its stake in 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 last quarter. Finally, Leisure Capital Management boosted its holdings in shares of Alphabet by 1.1% during the third quarter. Leisure Capital Management now owns 17,160 shares of the information services provider’s stock valued at $2,846,000 after acquiring an additional 182 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 2.7 %

Alphabet stock opened at $179.66 on Friday. 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 fifty-two week low of $130.66 and a fifty-two week high of $207.05. The firm has a fifty day moving average price of $192.46 and a two-hundred day moving average price of $175.81. 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.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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, analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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 paid a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. Alphabet’s payout ratio is 9.94%.

Wall Street Analyst Weigh In

Several research firms have commented on GOOGL. Pivotal Research upped their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Wedbush lifted their target price on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Piper Sandler decreased their price target on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were 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 in the company, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of 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. Over the last quarter, insiders have sold 134,299 shares of company stock valued at $25,055,751. 11.55% of the stock is owned by company insiders.

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.