Delap Wealth Advisory LLC Sells 469 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Delap Wealth Advisory LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,509 shares of the information services provider’s stock after selling 469 shares during the quarter. Delap Wealth Advisory LLC’s holdings in Alphabet were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Stevens Capital Partners lifted its stake in Alphabet by 63.7% in the fourth quarter. Stevens Capital Partners now owns 2,528 shares of the information services provider’s stock valued at $479,000 after buying an additional 984 shares during the period. Sigma Investment Counselors Inc. lifted its holdings in shares of Alphabet by 0.6% during the 4th quarter. Sigma Investment Counselors Inc. now owns 38,885 shares of the information services provider’s stock valued at $7,361,000 after purchasing an additional 215 shares in the last quarter. MONECO Advisors LLC lifted its holdings in shares of Alphabet by 70.7% during the 4th quarter. MONECO Advisors LLC now owns 44,794 shares of the information services provider’s stock valued at $8,480,000 after purchasing an additional 18,552 shares in the last quarter. Forvis Mazars Wealth Advisors LLC lifted its holdings in shares of Alphabet by 0.8% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 92,781 shares of the information services provider’s stock valued at $17,563,000 after purchasing an additional 748 shares in the last quarter. Finally, Lansing Street Advisors lifted its holdings in shares of Alphabet by 4.6% during the 4th quarter. Lansing Street Advisors now owns 8,775 shares of the information services provider’s stock valued at $1,661,000 after purchasing an additional 387 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GOOGL shares. Wolfe Research lifted their price objective on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. 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. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a report on Wednesday, February 5th. Robert W. Baird reiterated an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a report on Tuesday, December 10th. Finally, Bank of America restated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Ten 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. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $210.62.

Alphabet Stock Up 0.9 %

GOOGL stock opened at $173.86 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 firm has a market capitalization of $2.12 trillion, a PE ratio of 21.60, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 1-year low of $134.00 and a 1-year high of $207.05. The business’s 50 day simple moving average is $188.21 and its 200 day simple moving average is $176.47.

Alphabet (NASDAQ:GOOGL) last posted its 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 return on equity of 32.49% and a net margin of 28.60%. As a group, research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $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 is available through this link. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the sale, the director now owns 23,324 shares of the company’s stock, valued at approximately $4,529,987.28. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,316 shares of company stock valued at $25,062,887 in the last ninety days. 11.55% of the stock is currently owned by corporate insiders.

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.