Dynasty Wealth Management LLC Cuts Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Dynasty Wealth Management LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 37.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,924 shares of the information services provider’s stock after selling 19,168 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Alphabet were worth $6,043,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GOOGL. Pettinga Financial Advisors LLC increased its position in shares of 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 acquiring an additional 201 shares during the period. LCM Capital Management Inc lifted its position in Alphabet by 2.1% during the third quarter. LCM Capital Management Inc now owns 20,940 shares of the information services provider’s stock valued at $3,473,000 after purchasing an additional 434 shares during the period. Pacific Wealth Strategies Group Inc. lifted its holdings in Alphabet by 23.1% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 26,930 shares of the information services provider’s stock valued at $4,466,000 after acquiring an additional 5,045 shares during the period. Lincluden Management Ltd. boosted its holdings in Alphabet by 0.9% during the third quarter. Lincluden Management Ltd. now owns 50,204 shares of the information services provider’s stock worth $8,326,000 after buying an additional 469 shares in the last quarter. Finally, Norris Perne & French LLP MI increased its position in shares of Alphabet by 1.0% in the third quarter. Norris Perne & French LLP MI now owns 418,256 shares of the information services provider’s stock valued at $69,368,000 after buying an additional 4,255 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GOOGL. Morgan Stanley dropped their price target on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. DA Davidson increased their price target on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Stifel Nicolaus boosted their price objective on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, KeyCorp boosted their target price on Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,882 shares of company stock worth $17,934,130 over the last ninety days. Company insiders own 11.55% of the company’s stock.

Alphabet Trading Down 2.6 %

GOOGL stock opened at $162.76 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $140.03 and a 52 week high of $207.05. The company has a market cap of $1.98 trillion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.34 and a beta of 1.02. The business has a fifty day simple moving average of $186.22 and a 200-day simple moving average of $176.39.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

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.