Human Investing LLC Decreases Stake in Alphabet Inc. (NASDAQ:GOOGL)

Human Investing LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,506 shares of the information services provider’s stock after selling 159 shares during the period. Human Investing LLC’s holdings in Alphabet were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Meredith Wealth Planning lifted its stake in shares of Alphabet by 3.3% in the fourth quarter. Meredith Wealth Planning now owns 8,211 shares of the information services provider’s stock worth $1,554,000 after buying an additional 259 shares in the last quarter. Rational Advisors LLC increased its position in Alphabet by 19.6% during the fourth quarter. Rational Advisors LLC now owns 34,196 shares of the information services provider’s stock worth $6,473,000 after purchasing an additional 5,614 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in Alphabet by 81.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 6,329 shares of the information services provider’s stock worth $1,198,000 after purchasing an additional 2,849 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its position in Alphabet by 8.6% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 19,209 shares of the information services provider’s stock worth $3,636,000 after purchasing an additional 1,515 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Alphabet by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 11,486,549 shares of the information services provider’s stock worth $2,174,404,000 after purchasing an additional 202,955 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of GOOGL opened at $170.33 on Friday. The company has a 50-day simple moving average of $190.58 and a 200-day simple moving average of $176.20. 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 has a market capitalization of $2.08 trillion, a PE ratio of 21.16, a P/E/G ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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 predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio is presently 9.94%.

Insider Activity at Alphabet

In related news, insider Ruth Porat sold 17,690 shares of Alphabet 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. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,309 shares of company stock worth $25,057,490. Company insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GOOGL shares. Cantor Fitzgerald dropped their price target on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company lifted their price target on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Robert W. Baird reiterated an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Loop Capital boosted their price objective on shares of Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, Bank of America restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

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.