Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Haverford Financial Services Inc.

Haverford Financial Services Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,284 shares of the information services provider’s stock after selling 2,884 shares during the period. Alphabet comprises approximately 2.6% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 17th biggest position. Haverford Financial Services Inc.’s holdings in Alphabet were worth $8,572,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its position in Alphabet by 3.1% during the third 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 during the period. BIP Wealth LLC raised its position in shares of Alphabet by 5.1% during the 3rd quarter. BIP Wealth LLC now owns 7,302 shares of the information services provider’s stock worth $1,211,000 after purchasing an additional 354 shares during the last quarter. Wrapmanager Inc. lifted its stake in Alphabet by 17.1% in the 3rd quarter. Wrapmanager Inc. now owns 18,261 shares of the information services provider’s stock valued at $3,029,000 after buying an additional 2,670 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Alphabet by 23.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 163,970 shares of the information services provider’s stock worth $27,194,000 after buying an additional 31,482 shares during the last quarter. Finally, Princeton Capital Management LLC increased its stake in Alphabet by 2.5% during the 3rd quarter. Princeton Capital Management LLC now owns 96,294 shares of the information services provider’s stock worth $15,970,000 after buying an additional 2,358 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Down 0.0 %

NASDAQ GOOGL opened at $157.04 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $1.91 trillion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.34 and a beta of 1.03. The firm has a 50 day simple moving average of $177.19 and a 200-day simple moving average of $176.95. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. Equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at $2,377,014.99. This represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,297 shares of company stock valued at $15,936,270 in the last quarter. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research reports. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Alphabet in a research note on Wednesday, February 5th. Piper Sandler dropped their target price on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. DA Davidson raised their price target on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Finally, Westpark Capital raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.49.

Alphabet Company 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.