Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,288 shares of the information services provider’s stock after selling 412 shares during the quarter. Alphabet makes up 4.4% of Argonautica Private Wealth Management Inc.’s holdings, making the stock its 3rd biggest position. Argonautica Private Wealth Management Inc.’s holdings in Alphabet were worth $13,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Pettinga Financial Advisors LLC raised its stake in Alphabet by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock valued at $363,000 after acquiring an additional 201 shares during the period. WD Rutherford LLC raised its stake in Alphabet by 2.2% in the 3rd quarter. WD Rutherford LLC now owns 31,715 shares of the information services provider’s stock valued at $5,260,000 after acquiring an additional 669 shares during the period. Pathway Financial Advisers LLC raised its stake in Alphabet by 28.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 4,318 shares of the information services provider’s stock valued at $716,000 after acquiring an additional 960 shares during the period. Creekmur Asset Management LLC raised its stake in Alphabet by 5.8% in the 3rd quarter. Creekmur Asset Management LLC now owns 12,768 shares of the information services provider’s stock valued at $2,118,000 after acquiring an additional 703 shares during the period. Finally, Highline Wealth Partners LLC bought a new stake in Alphabet in the 3rd quarter valued at $3,131,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GOOGL. KeyCorp increased their price objective on Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Citigroup lowered their price objective on Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Cantor Fitzgerald lowered their price objective on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, DA Davidson increased their price objective on Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Alphabet Stock Performance

Shares of GOOGL stock opened at $164.04 on Wednesday. The business’s 50-day moving average price is $187.20 and its 200-day moving average price is $176.55. Alphabet Inc. has a 12 month low of $137.03 and a 12 month high of $207.05. The firm has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.34 and a beta of 1.02. 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 (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. Equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business 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 dividend of $0.20 per share. 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 0.49%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insider Transactions at Alphabet

In other Alphabet news, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the sale, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,182 shares of company stock worth $18,192,354 over the last ninety days. 11.55% of the stock is owned by insiders.

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.