TCW Group Inc. Sells 12,900 Shares of Alphabet Inc. (NASDAQ:GOOGL)

TCW Group Inc. decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 407,537 shares of the information services provider’s stock after selling 12,900 shares during the period. TCW Group Inc.’s holdings in Alphabet were worth $77,147,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in Alphabet during the fourth quarter worth about $152,000. ST. Nicholas Private Asset Management Inc. bought a new position in Alphabet during the fourth quarter worth about $4,251,000. Fisher Funds Management LTD bought a new position in Alphabet during the fourth quarter worth about $175,207,000. Richardson Capital Management LLC boosted its holdings in Alphabet by 513.0% during the fourth quarter. Richardson Capital Management LLC now owns 2,072 shares of the information services provider’s stock worth $392,000 after buying an additional 1,734 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Alphabet by 0.3% during the fourth quarter. First Horizon Advisors Inc. now owns 136,783 shares of the information services provider’s stock worth $25,893,000 after buying an additional 382 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other news, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction on Friday, February 21st. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of the business’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 directly owns 282,832 shares in the company, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,316 shares of company stock valued at $25,062,887. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $173.86 on Friday. The company has a 50 day moving average price of $188.21 and a 200-day moving average price of $176.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $134.00 and a fifty-two week high of $207.05. The company has a market capitalization of $2.12 trillion, a PE ratio of 21.60, a P/E/G ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is presently 9.94%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Piper Sandler reduced their target price on Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. DA Davidson lifted their price objective on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Cantor Fitzgerald cut their price objective on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Wedbush lifted their price objective on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Alphabet in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $210.62.

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.