Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 13.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,887 shares of the information services provider’s stock after selling 3,565 shares during the period. Good Life Advisors LLC’s holdings in Alphabet were worth $4,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in GOOGL. TFG Advisers LLC lifted its holdings in shares of Alphabet by 3.2% in the 3rd quarter. TFG Advisers LLC now owns 23,569 shares of the information services provider’s stock valued at $3,909,000 after purchasing an additional 740 shares during the last quarter. Altus Wealth Group LLC raised its stake in Alphabet by 1.9% during the 3rd quarter. Altus Wealth Group LLC now owns 13,736 shares of the information services provider’s stock valued at $2,278,000 after acquiring an additional 254 shares during the last quarter. Litman Gregory Wealth Management LLC raised its stake in Alphabet by 4.9% during the 3rd quarter. Litman Gregory Wealth Management LLC now owns 62,783 shares of the information services provider’s stock valued at $10,413,000 after acquiring an additional 2,930 shares during the last quarter. Sterling Investment Counsel LLC raised its stake in Alphabet by 5.4% during the 3rd quarter. Sterling Investment Counsel LLC now owns 33,002 shares of the information services provider’s stock valued at $5,473,000 after acquiring an additional 1,703 shares during the last quarter. Finally, Detalus Advisors LLC raised its stake in Alphabet by 4.5% during the 3rd quarter. Detalus Advisors LLC now owns 10,811 shares of the information services provider’s stock valued at $1,793,000 after acquiring an additional 464 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

GOOGL stock opened at $167.01 on Tuesday. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $207.05. 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 stock’s 50 day moving average price is $190.02 and its 200 day moving average price is $176.35. The firm has a market cap of $2.04 trillion, a P/E ratio of 20.75, a PEG ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have commented on GOOGL. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. DA Davidson upped their price objective on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Morgan Stanley reduced their price objective on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research note on Tuesday, December 10th. Finally, Piper Sandler reduced their price objective on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. 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 stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $210.62.

Insiders Place Their Bets

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares of the company’s stock, valued at approximately $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,316 shares of company stock valued at $25,062,887 in the last quarter. 11.55% of the stock is currently owned by company insiders.

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.