Values Added Financial LLC Sells 182 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Values Added Financial LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,789 shares of the information services provider’s stock after selling 182 shares during the quarter. Alphabet accounts for approximately 1.1% of Values Added Financial LLC’s holdings, making the stock its 23rd largest holding. Values Added Financial LLC’s holdings in Alphabet were worth $1,853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. Figure 8 Investment Strategies LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $6,306,000. Bogart Wealth LLC raised its position in Alphabet by 14.1% during the fourth quarter. Bogart Wealth LLC now owns 126,026 shares of the information services provider’s stock worth $23,857,000 after acquiring an additional 15,622 shares in the last quarter. Catalyst Financial Partners LLC lifted its stake in Alphabet by 1.8% in the fourth quarter. Catalyst Financial Partners LLC now owns 29,145 shares of the information services provider’s stock valued at $5,517,000 after acquiring an additional 502 shares during the last quarter. Mcrae Capital Management Inc. grew its position in shares of Alphabet by 3.0% in the 4th quarter. Mcrae Capital Management Inc. now owns 27,650 shares of the information services provider’s stock valued at $5,234,000 after acquiring an additional 810 shares during the period. Finally, IMS Capital Management increased its stake in shares of Alphabet by 2.4% during the 4th quarter. IMS Capital Management now owns 14,034 shares of the information services provider’s stock worth $2,657,000 after purchasing an additional 326 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,299 shares of company stock worth $25,055,751. 11.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GOOGL. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. China Renaissance upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Wolfe Research lifted their price objective on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Evercore ISI upped their price objective on shares of Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their target price on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Ten investment 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. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

Alphabet Stock Performance

Shares of GOOGL opened at $175.42 on Wednesday. The company has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.34 and a beta of 0.99. 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 $130.66 and a 1 year high of $207.05. The company’s 50 day simple moving average is $191.72 and its 200 day simple moving average is $176.14.

Alphabet (NASDAQ:GOOGL) last posted its 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 net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet’s payout ratio is 9.94%.

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.