Fairfield Financial Advisors LTD Sells 553 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Fairfield Financial Advisors LTD lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the information services provider’s stock after selling 553 shares during the quarter. Alphabet makes up about 4.0% of Fairfield Financial Advisors LTD’s holdings, making the stock its 9th biggest holding. Fairfield Financial Advisors LTD’s holdings in Alphabet were worth $11,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its position in shares of Alphabet by 20,990.0% during the 4th quarter. Proficio Capital Partners LLC now owns 6,186,748 shares of the information services provider’s stock worth $1,171,151,000 after acquiring an additional 6,157,413 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock worth $10,559,240,000 after acquiring an additional 4,567,275 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Alphabet during the 3rd quarter worth about $513,024,000. Geode Capital Management LLC boosted its position in shares of Alphabet by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider’s stock worth $22,154,651,000 after acquiring an additional 2,626,431 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Alphabet by 26.9% during the 3rd quarter. National Bank of Canada FI now owns 10,064,598 shares of the information services provider’s stock worth $1,669,300,000 after acquiring an additional 2,136,128 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GOOGL. Rosenblatt Securities reaffirmed a “neutral” rating and set a $205.00 price objective on shares of Alphabet in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Alphabet in a research report on Wednesday, February 5th. Bank of America reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. Wolfe Research upped their target price on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, KeyCorp decreased their target price on Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.59.

Alphabet Trading Down 0.7 %

Shares of NASDAQ:GOOGL opened at $162.80 on Friday. Alphabet Inc. has a 12 month low of $146.90 and a 12 month high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $183.13 and its 200 day simple moving average is $176.37. The firm 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.

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, beating 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%. As a group, research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued 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 was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 1,368 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $3,961,445.55. The trade was a 6.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,048 shares of company stock valued at $17,374,274. Company 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.