Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by James Investment Research Inc.

James Investment Research Inc. lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,716 shares of the information services provider’s stock after selling 2,734 shares during the quarter. Alphabet accounts for approximately 3.4% of James Investment Research Inc.’s investment portfolio, making the stock its 4th biggest position. James Investment Research Inc.’s holdings in Alphabet were worth $28,152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. MBE Wealth Management LLC grew its position in Alphabet by 27.9% in the 3rd quarter. MBE Wealth Management LLC now owns 2,253 shares of the information services provider’s stock valued at $374,000 after purchasing an additional 492 shares during the period. James Hambro & Partners LLP grew its holdings in shares of Alphabet by 2.6% during the third quarter. James Hambro & Partners LLP now owns 44,486 shares of the information services provider’s stock valued at $7,381,000 after buying an additional 1,134 shares during the last quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd grew its holdings in shares of Alphabet by 1,832.7% during the third quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 198,879 shares of the information services provider’s stock valued at $32,983,000 after buying an additional 188,589 shares during the last quarter. Kennedy Investment Group increased its position in shares of Alphabet by 4.0% during the third quarter. Kennedy Investment Group now owns 6,713 shares of the information services provider’s stock worth $1,113,000 after acquiring an additional 256 shares in the last quarter. Finally, Little House Capital LLC raised its holdings in shares of Alphabet by 15.9% in the 3rd quarter. Little House Capital LLC now owns 63,422 shares of the information services provider’s stock worth $10,519,000 after acquiring an additional 8,706 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $170.33 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 1-year low of $130.66 and a 1-year high of $207.05. The business has a 50-day moving average of $190.58 and a 200-day moving average of $176.11. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GOOGL shares. Cantor Fitzgerald lowered their price objective on Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. DA Davidson upped their price target on Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Wells Fargo & Company raised their price objective on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. KeyCorp upped their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 134,309 shares of company stock valued at $25,057,490. 11.55% of the stock is owned by 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.