Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Spectrum Wealth Counsel LLC

Spectrum Wealth Counsel LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,105 shares of the information services provider’s stock after selling 186 shares during the period. Alphabet accounts for approximately 1.4% of Spectrum Wealth Counsel LLC’s holdings, making the stock its 19th biggest position. Spectrum Wealth Counsel LLC’s holdings in Alphabet were worth $11,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pettinga Financial Advisors LLC raised 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 worth $363,000 after buying an additional 201 shares in the last quarter. Americana Partners LLC raised its position in shares of Alphabet by 5.6% during the 3rd quarter. Americana Partners LLC now owns 107,488 shares of the information services provider’s stock worth $17,827,000 after buying an additional 5,735 shares in the last quarter. CacheTech Inc. raised its position in shares of Alphabet by 5.9% during the 3rd quarter. CacheTech Inc. now owns 17,505 shares of the information services provider’s stock worth $2,903,000 after buying an additional 973 shares in the last quarter. Cambiar Investors LLC raised its position in shares of Alphabet by 0.6% during the 3rd quarter. Cambiar Investors LLC now owns 352,764 shares of the information services provider’s stock worth $58,506,000 after buying an additional 2,018 shares in the last quarter. Finally, Weatherly Asset Management L. P. raised its position in shares of Alphabet by 2.6% during the 3rd quarter. Weatherly Asset Management L. P. now owns 107,148 shares of the information services provider’s stock worth $17,770,000 after buying an additional 2,731 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. DA Davidson boosted their target price on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. DZ Bank downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price on the stock. in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.62.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 29,066 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares in the company, valued at $50,376,238.74. This represents a 9.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,882 shares of company stock worth $17,934,130. 11.55% of the stock is owned by insiders.

Alphabet Stock Performance

GOOGL stock opened at $165.49 on Friday. 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 $2.02 trillion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 12 month low of $140.03 and a 12 month high of $207.05. The firm has a 50 day moving average of $185.70 and a two-hundred day moving average of $176.38.

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

Alphabet Announces Dividend

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

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.