Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Cut by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 56.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,979 shares of the information services provider’s stock after selling 7,817 shares during the quarter. Alphabet comprises 1.2% of Blake Schutter Theil Wealth Advisors LLC’s portfolio, making the stock its 15th largest holding. Blake Schutter Theil Wealth Advisors LLC’s holdings in Alphabet were worth $1,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Pettinga Financial Advisors LLC boosted its stake in shares of Alphabet by 10.1% during the 3rd 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 in the last quarter. Impax Asset Management Group plc boosted its stake in shares of Alphabet by 6.8% during the 3rd quarter. Impax Asset Management Group plc now owns 728,575 shares of the information services provider’s stock worth $120,834,000 after acquiring an additional 46,677 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Alphabet by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock worth $1,871,384,000 after acquiring an additional 337,031 shares in the last quarter. Lewis Asset Management LLC boosted its stake in shares of Alphabet by 6.8% during the 3rd quarter. Lewis Asset Management LLC now owns 9,371 shares of the information services provider’s stock worth $1,554,000 after acquiring an additional 600 shares in the last quarter. Finally, Vista Capital Partners Inc. boosted its stake in shares of Alphabet by 42.8% during the 3rd quarter. Vista Capital Partners Inc. now owns 3,889 shares of the information services provider’s stock worth $645,000 after acquiring an additional 1,165 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Activity

In related news, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction dated Monday, December 30th. The stock was 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. This trade represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,368 shares of Alphabet stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $3,961,445.55. This trade represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,048 shares of company stock valued at $17,374,274. 11.55% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GOOGL shares. Wedbush raised their price objective on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. DA Davidson raised 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. Stifel Nicolaus increased their target price on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 13th. Citigroup reduced their target price on Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reduced their target price on Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.59.

Alphabet Trading Up 0.7 %

Alphabet stock opened at $163.99 on Friday. The company has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.34 and a beta of 1.02. The company’s fifty day moving average price is $182.57 and its two-hundred day moving average price is $176.38. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

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

Alphabet Announces Dividend

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

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.