American Financial Advisors LLC Sells 415 Shares of Alphabet Inc. (NASDAQ:GOOGL)

American Financial Advisors LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 18,844 shares of the information services provider’s stock after selling 415 shares during the quarter. American Financial Advisors LLC’s holdings in Alphabet were worth $2,632,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GOOGL. Meritage Group LP lifted its stake in Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the last quarter. Macroview Investment Management LLC lifted its stake in Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Armor Investment Advisors LLC lifted its stake in Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in Alphabet during the fourth quarter worth about $55,000. Finally, LFA Lugano Financial Advisors SA lifted its stake in Alphabet by 301.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock worth $73,000 after purchasing an additional 392 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,439 shares of company stock worth $36,746,578. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on GOOGL shares. JPMorgan Chase & Co. lifted their price objective on Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus lifted their price objective on Alphabet from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Friday. Mizuho lifted their price objective on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company lifted their price objective on Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Roth Mkm lifted their price objective on Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $187.82.

Alphabet Trading Up 10.2 %

NASDAQ:GOOGL opened at $171.95 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a one year low of $103.54 and a one year high of $174.71. The business has a fifty day moving average price of $147.85 and a 200-day moving average price of $141.42.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The firm had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. During the same period in the prior year, the business posted $1.05 EPS. Sell-side analysts forecast that Alphabet Inc. will post 6.79 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. Alphabet’s payout ratio is presently 12.27%.

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.