Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 28,810 shares of the information services provider’s stock after selling 1,432 shares during the quarter. Alphabet accounts for 2.8% of Blackhawk Capital Partners LLC.’s portfolio, making the stock its 6th largest position. Blackhawk Capital Partners LLC.’s holdings in Alphabet were worth $5,454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOGL. Pettinga Financial Advisors LLC boosted its holdings in Alphabet by 10.1% during the third quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock worth $363,000 after buying an additional 201 shares in the last quarter. Asahi Life Asset Management CO. LTD. lifted its position in shares of Alphabet by 4.2% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 24,775 shares of the information services provider’s stock valued at $4,109,000 after acquiring an additional 990 shares during the last quarter. Investment Partners Asset Management Inc. boosted its stake in shares of Alphabet by 0.7% during the 3rd quarter. Investment Partners Asset Management Inc. now owns 16,781 shares of the information services provider’s stock worth $2,783,000 after acquiring an additional 111 shares in the last quarter. Concord Wealth Partners boosted its stake in shares of Alphabet by 22.1% during the 3rd quarter. Concord Wealth Partners now owns 36,853 shares of the information services provider’s stock worth $6,112,000 after acquiring an additional 6,664 shares in the last quarter. Finally, Vima LLC grew its holdings in shares of Alphabet by 23.9% in the 3rd quarter. Vima LLC now owns 1,450 shares of the information services provider’s stock worth $241,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GOOGL shares. Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Wells Fargo & Company upped their price objective on shares of Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Wolfe Research raised their target price on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Citigroup cut their price target on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $210.62.

Alphabet Price Performance

Shares of Alphabet stock opened at $173.86 on Monday. 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 fifty day simple moving average of $188.21 and a 200-day simple moving average of $176.54. The stock has a market capitalization of $2.12 trillion, a price-to-earnings 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.

Alphabet (NASDAQ:GOOGL) last released 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 net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share 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 given a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet’s dividend payout ratio is 9.94%.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated 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 in the company, 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. Over the last quarter, insiders have sold 134,316 shares of company stock worth $25,062,887. Insiders own 11.55% of the company’s stock.

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.