Alphabet Inc. (NASDAQ:GOOGL) Stock Position Reduced by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,516 shares of the information services provider’s stock after selling 140 shares during the quarter. Alphabet comprises approximately 3.2% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 6th largest holding. Boyd Watterson Asset Management LLC OH’s holdings in Alphabet were worth $11,645,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of GOOGL. Heritage Oak Wealth Advisors LLC increased its holdings in shares of Alphabet by 155.2% in the 3rd quarter. Heritage Oak Wealth Advisors LLC now owns 6,248 shares of the information services provider’s stock worth $1,036,000 after buying an additional 3,800 shares during the last quarter. Tandem Capital Management Corp ADV increased its holdings in shares of Alphabet by 1.0% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 42,080 shares of the information services provider’s stock worth $6,351,000 after buying an additional 403 shares during the last quarter. Court Place Advisors LLC increased its holdings in shares of Alphabet by 0.5% in the 3rd quarter. Court Place Advisors LLC now owns 19,587 shares of the information services provider’s stock worth $3,248,000 after buying an additional 91 shares during the last quarter. Hudock Inc. increased its holdings in shares of Alphabet by 3.5% in the 3rd quarter. Hudock Inc. now owns 4,774 shares of the information services provider’s stock worth $792,000 after buying an additional 163 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of Alphabet by 3.8% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 4,091 shares of the information services provider’s stock worth $679,000 after buying an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of research reports. Piper Sandler reduced their target price on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company upped their price target on shares of Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Cantor Fitzgerald cut their price target on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Alphabet in a report on Wednesday, February 5th. Finally, JMP Securities reiterated a “market perform” rating on shares of Alphabet in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $210.62.

Alphabet Trading Down 0.4 %

Shares of Alphabet stock opened at $172.35 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. Alphabet Inc. has a 12-month low of $131.61 and a 12-month high of $207.05. The firm has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.34 and a beta of 0.99. The firm’s 50 day simple moving average is $188.59 and its two-hundred day simple moving average is $176.35.

Alphabet (NASDAQ:GOOGL) last issued 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 net margin of 28.60% and a return on equity of 32.49%. Analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 17,690 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now owns 43,111 shares in the company, valued at $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the sale, the director now owns 282,832 shares in the company, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,316 shares of company stock worth $25,062,887 over the last 90 days. 11.55% of the stock is currently owned by company insiders.

About Alphabet

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.