Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 6.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,510 shares of the information services provider’s stock after selling 560 shares during the period. Alphabet comprises 0.6% of Prudent Man Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Prudent Man Advisors LLC’s holdings in Alphabet were worth $1,611,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pettinga Financial Advisors LLC increased its position 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. Americana Partners LLC boosted its holdings in shares of Alphabet by 5.6% during the third quarter. Americana Partners LLC now owns 107,488 shares of the information services provider’s stock worth $17,827,000 after purchasing an additional 5,735 shares during the last quarter. CacheTech Inc. boosted its holdings in shares of Alphabet by 5.9% during the third quarter. CacheTech Inc. now owns 17,505 shares of the information services provider’s stock worth $2,903,000 after purchasing an additional 973 shares during the last quarter. Cambiar Investors LLC boosted its holdings in shares of Alphabet by 0.6% during the third quarter. Cambiar Investors LLC now owns 352,764 shares of the information services provider’s stock worth $58,506,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Weatherly Asset Management L. P. boosted its holdings in shares of Alphabet by 2.6% during the third quarter. Weatherly Asset Management L. P. now owns 107,148 shares of the information services provider’s stock worth $17,770,000 after purchasing an additional 2,731 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares of the company’s stock, valued at $8,471,620.22. The trade was a 27.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on 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. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 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 Stock Performance

Shares of NASDAQ GOOGL opened at $165.49 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 stock has a 50 day simple moving average of $185.70 and a 200-day simple moving average of $176.38. The company has a market cap of $2.02 trillion, a PE ratio of 20.56, a P/E/G ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 12-month low of $140.03 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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 return on equity of 32.49% and a net margin of 28.60%. On average, equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 dividend on an annualized basis and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GOOGL. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. DA Davidson boosted their price objective on Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Cantor Fitzgerald dropped their target price on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus 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.