Monument Capital Management Sells 13,954 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Monument Capital Management reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 61.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,910 shares of the information services provider’s stock after selling 13,954 shares during the period. Monument Capital Management’s holdings in Alphabet were worth $1,687,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Spectrum Wealth Advisory Group LLC bought a new position in shares of Alphabet during the 4th quarter valued at approximately $1,012,000. J.W. Cole Advisors Inc. boosted its stake in Alphabet by 5.3% during the fourth quarter. J.W. Cole Advisors Inc. now owns 75,002 shares of the information services provider’s stock valued at $14,198,000 after buying an additional 3,769 shares during the period. Opes Wealth Management LLC raised its stake in Alphabet by 46.0% in the fourth quarter. Opes Wealth Management LLC now owns 10,882 shares of the information services provider’s stock valued at $2,060,000 after purchasing an additional 3,431 shares in the last quarter. Valmark Advisers Inc. increased its stake in Alphabet by 0.5% in the fourth quarter. Valmark Advisers Inc. now owns 21,107 shares of the information services provider’s stock valued at $3,996,000 after acquiring an additional 107 shares during the last quarter. Finally, Stanich Group LLC bought a new stake in Alphabet in the 4th quarter worth approximately $225,000. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

GOOGL stock opened at $170.33 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $190.58 and a 200 day moving average price of $176.11. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $207.05. The stock has a market cap of $2.08 trillion, a PE ratio of 21.16, a P/E/G ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. Equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on GOOGL shares. Citigroup reduced their price target on Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Alphabet in a report on Wednesday, February 5th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Stifel Nicolaus boosted their target price on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Morgan Stanley lowered their price objective on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $210.62.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the sale, the chief accounting officer now directly 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the sale, the insider now directly owns 1,449,286 shares of the company’s stock, valued at $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 134,309 shares of company stock valued at $25,057,490. Insiders own 11.55% of the company’s stock.

Alphabet 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.