Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 86.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,034 shares of the information services provider’s stock after selling 183,529 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Alphabet were worth $5,496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. ICICI Prudential Asset Management Co Ltd raised its stake in shares of Alphabet by 4.4% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 30,927 shares of the information services provider’s stock valued at $5,854,000 after acquiring an additional 1,315 shares during the period. Private Advisor Group LLC raised its stake in shares of Alphabet by 3.1% in the 4th quarter. Private Advisor Group LLC now owns 412,497 shares of the information services provider’s stock valued at $78,086,000 after acquiring an additional 12,353 shares during the period. Keene & Associates Inc. raised its stake in shares of Alphabet by 11.6% in the 4th quarter. Keene & Associates Inc. now owns 3,961 shares of the information services provider’s stock valued at $750,000 after acquiring an additional 412 shares during the period. Financial Perspectives Inc raised its stake in shares of Alphabet by 33.3% in the 4th quarter. Financial Perspectives Inc now owns 3,954 shares of the information services provider’s stock valued at $749,000 after acquiring an additional 988 shares during the period. Finally, Strata Wealth Advisors LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $233,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GOOGL. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Alphabet in a research note on Wednesday, February 5th. Bank of America reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Wells Fargo & Company upped their target price on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their target price on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, DA Davidson upped their target price on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Ten 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Alphabet Stock Down 1.9 %

Shares of NASDAQ:GOOGL opened at $167.01 on Tuesday. The stock has a market cap of $2.04 trillion, a P/E ratio of 20.75, a P/E/G ratio of 1.34 and a beta of 0.99. The firm has a fifty day moving average price of $190.02 and a 200 day moving average price of $176.35. 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.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. Sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared 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. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $4,085,531.55. This represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders sold a total of 134,316 shares of company stock worth $25,062,887 in the last 90 days. Company insiders own 11.55% of the company’s stock.

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.