Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,494 shares of the information services provider’s stock after selling 348 shares during the quarter. Alphabet accounts for approximately 1.1% of NTV Asset Management LLC’s holdings, making the stock its 20th biggest holding. NTV Asset Management LLC’s holdings in Alphabet were worth $8,233,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. increased its position in shares of Alphabet by 6.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 16,870 shares of the information services provider’s stock worth $2,798,000 after purchasing an additional 987 shares during the last quarter. Integrity Financial Corp WA increased its position in shares of Alphabet by 1.1% in the 3rd quarter. Integrity Financial Corp WA now owns 6,977 shares of the information services provider’s stock worth $1,157,000 after purchasing an additional 75 shares during the last quarter. Kaye Capital Management increased its position in shares of Alphabet by 1.0% in the 3rd quarter. Kaye Capital Management now owns 6,827 shares of the information services provider’s stock worth $1,132,000 after purchasing an additional 65 shares during the last quarter. Ledyard National Bank increased its position in shares of Alphabet by 0.4% in the 3rd quarter. Ledyard National Bank now owns 109,121 shares of the information services provider’s stock worth $18,098,000 after purchasing an additional 458 shares during the last quarter. Finally, Telos Capital Management Inc. increased its position in shares of Alphabet by 0.4% in the 3rd quarter. Telos Capital Management Inc. now owns 111,714 shares of the information services provider’s stock worth $18,528,000 after purchasing an additional 418 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $170.33 on Friday. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The firm’s fifty day simple moving average is $190.58 and its two-hundred day simple moving average is $176.20. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. As a group, analysts predict that Alphabet Inc. will post 8.9 EPS for the current 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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet 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 sale, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction of $291,330.00. Following the sale, the director now directly owns 23,324 shares in the company, valued at $4,529,987.28. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,309 shares of company stock worth $25,057,490 in the last 90 days. 11.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Wedbush boosted their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. DA Davidson boosted their price objective on shares of Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Alphabet in a research report on Wednesday, February 5th. Ten research 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $210.62.

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.