Keystone Wealth Services LLC Sells 318 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Keystone Wealth Services LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,351 shares of the information services provider’s stock after selling 318 shares during the period. Keystone Wealth Services LLC’s holdings in Alphabet were worth $1,202,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GOOGL. Pettinga Financial Advisors LLC lifted its position in shares of Alphabet by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock worth $363,000 after purchasing an additional 201 shares during the period. BSW Wealth Partners lifted its position in shares of Alphabet by 11.3% in the 3rd quarter. BSW Wealth Partners now owns 22,388 shares of the information services provider’s stock worth $3,713,000 after purchasing an additional 2,281 shares during the period. TrueWealth Advisors LLC lifted its position in shares of Alphabet by 16.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 4,955 shares of the information services provider’s stock worth $822,000 after purchasing an additional 685 shares during the period. Lansing Street Advisors lifted its position in shares of Alphabet by 1.4% in the 3rd quarter. Lansing Street Advisors now owns 8,388 shares of the information services provider’s stock worth $1,391,000 after purchasing an additional 114 shares during the period. Finally, Blue Square Asset Management LLC lifted its position in shares of Alphabet by 4.5% in the 3rd quarter. Blue Square Asset Management LLC now owns 23,403 shares of the information services provider’s stock worth $3,881,000 after purchasing an additional 1,001 shares during the period. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent research reports. KeyCorp lifted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Bank of America reissued a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. JPMorgan Chase & Co. lowered their price target on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Wedbush lifted their price target on shares of Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

Insider Buying and Selling at Alphabet

In other 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 value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,368 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $3,961,445.55. This trade represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock valued at $17,374,274 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $165.49 on Monday. The firm has a 50 day moving average of $185.70 and a 200 day moving average of $176.56. 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 $2.02 trillion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth 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 announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

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.