Valtinson Bruner Financial Planning LLC Sells 200 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Valtinson Bruner Financial Planning LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,256 shares of the information services provider’s stock after selling 200 shares during the period. Valtinson Bruner Financial Planning LLC’s holdings in Alphabet were worth $616,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Zevin Asset Management LLC raised its stake in shares of Alphabet by 14.0% in the fourth quarter. Zevin Asset Management LLC now owns 109,074 shares of the information services provider’s stock valued at $20,648,000 after acquiring an additional 13,403 shares during the last quarter. Picton Mahoney Asset Management raised its position in Alphabet by 15.0% in the 4th quarter. Picton Mahoney Asset Management now owns 124,876 shares of the information services provider’s stock valued at $23,641,000 after purchasing an additional 16,287 shares during the last quarter. United Capital Management of KS Inc. acquired a new position in Alphabet in the fourth quarter worth $7,708,000. Greatmark Investment Partners Inc. grew its holdings in shares of Alphabet by 1.6% during the fourth quarter. Greatmark Investment Partners Inc. now owns 6,470 shares of the information services provider’s stock worth $1,225,000 after purchasing an additional 105 shares during the last quarter. Finally, HMV Wealth Advisors LLC bought a new stake in shares of Alphabet during the fourth quarter worth $1,300,000. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Citigroup decreased their price target on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley dropped their price objective on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Bank of America reiterated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Finally, Wells Fargo & Company boosted their target price on Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $210.59.

Alphabet Stock Down 3.2 %

NASDAQ:GOOGL opened at $165.06 on Thursday. The company has a market cap of $2.01 trillion, a PE ratio of 20.50, a PEG ratio of 1.34 and a beta of 1.02. The stock has a 50-day simple moving average of $181.11 and a 200 day simple moving average of $176.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52-week low of $147.22 and a 52-week high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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, sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet’s dividend payout ratio is 9.94%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 43,981 shares in the company, valued at approximately $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. Insiders sold a total of 93,048 shares of company stock worth $17,374,274 in the last three months. Insiders own 11.55% of the company’s stock.

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.