Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Kathleen S. Wright Associates Inc.

Kathleen S. Wright Associates Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,113 shares of the information services provider’s stock after selling 447 shares during the quarter. Kathleen S. Wright Associates Inc.’s holdings in Alphabet were worth $1,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Legacy Trust boosted its holdings in Alphabet by 0.5% in the 3rd quarter. Legacy Trust now owns 55,410 shares of the information services provider’s stock valued at $7,251,000 after purchasing an additional 283 shares in the last quarter. Community Trust & Investment Co. boosted its holdings in Alphabet by 71.0% in the 3rd quarter. Community Trust & Investment Co. now owns 3,613 shares of the information services provider’s stock valued at $473,000 after purchasing an additional 1,500 shares in the last quarter. Essex LLC boosted its holdings in Alphabet by 3.4% in the 3rd quarter. Essex LLC now owns 27,121 shares of the information services provider’s stock valued at $3,549,000 after purchasing an additional 882 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in Alphabet by 1.3% in the 3rd quarter. Capital Investment Advisors LLC now owns 340,364 shares of the information services provider’s stock valued at $44,540,000 after purchasing an additional 4,490 shares in the last quarter. Finally, Howard Capital Management Group LLC boosted its holdings in Alphabet by 0.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 313,381 shares of the information services provider’s stock valued at $41,009,000 after purchasing an additional 2,236 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the transaction, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the sale, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 253,439 shares of company stock valued at $36,746,578. Company insiders own 0.88% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $171.95 on Monday. The firm has a market capitalization of $2.14 trillion, a P/E ratio of 26.37, a PEG ratio of 1.58 and a beta of 1.05. Alphabet Inc. has a 52 week low of $103.54 and a 52 week high of $174.71. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $147.85 and its two-hundred day moving average is $141.42.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same period last year, the firm posted $1.05 earnings per share. Analysts anticipate that Alphabet Inc. will post 6.82 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, June 10th.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GOOGL shares. Mizuho boosted their price target on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC upped their price objective on Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a report on Friday. Citigroup upped their price objective on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. UBS Group upped their price objective on Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, Evercore ISI upped their price objective on Alphabet from $160.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday. Five analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $187.82.

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.