W.G. Shaheen & Associates DBA Whitney & Co Sells 662 Shares of Alphabet Inc. (NASDAQ:GOOGL)

W.G. Shaheen & Associates DBA Whitney & Co lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,569 shares of the information services provider’s stock after selling 662 shares during the quarter. Alphabet accounts for about 2.1% of W.G. Shaheen & Associates DBA Whitney & Co’s portfolio, making the stock its 12th largest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Alphabet were worth $19,606,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GOOGL. Pettinga Financial Advisors LLC increased its position 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 valued at $363,000 after purchasing an additional 201 shares during the last quarter. Asahi Life Asset Management CO. LTD. boosted its stake in Alphabet by 4.2% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 24,775 shares of the information services provider’s stock worth $4,109,000 after buying an additional 990 shares during the period. Investment Partners Asset Management Inc. increased its position in Alphabet by 0.7% during the third quarter. Investment Partners Asset Management Inc. now owns 16,781 shares of the information services provider’s stock valued at $2,783,000 after acquiring an additional 111 shares during the last quarter. Concord Wealth Partners raised its stake in shares of Alphabet by 22.1% in the third quarter. Concord Wealth Partners now owns 36,853 shares of the information services provider’s stock valued at $6,112,000 after acquiring an additional 6,664 shares during the period. Finally, Vima LLC lifted its holdings in shares of Alphabet by 23.9% in the 3rd quarter. Vima LLC now owns 1,450 shares of the information services provider’s stock worth $241,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,374 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the sale, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at $2,606,213.28. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ruth Porat sold 17,690 shares of the 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 transaction, the insider now directly owns 1,449,286 shares of the company’s stock, 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. Over the last three months, insiders have sold 134,316 shares of company stock valued at $25,062,887. 11.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Wells Fargo & Company upped their target price on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Wedbush raised their price target on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Piper Sandler dropped their price objective on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Alphabet in a research note on Wednesday, February 5th. Ten investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

Alphabet Stock Up 0.9 %

Shares of GOOGL stock opened at $173.86 on Monday. Alphabet Inc. has a fifty-two week low of $134.00 and a fifty-two week high of $207.05. The firm has a market capitalization of $2.12 trillion, a PE ratio of 21.60, a P/E/G ratio of 1.34 and a beta of 1.02. 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 simple moving average is $188.21 and its 200-day simple moving average is $176.54.

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%. Equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm 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 dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet’s dividend payout ratio is presently 9.94%.

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.