Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Bfsg LLC

Bfsg LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 8.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,895 shares of the information services provider’s stock after selling 1,200 shares during the quarter. Bfsg LLC’s holdings in Alphabet were worth $1,801,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Aire Advisors LLC lifted its stake in Alphabet by 0.6% during the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after buying an additional 68 shares in the last quarter. Defined Wealth Management LLC lifted its stake in Alphabet by 2.9% during the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock valued at $354,000 after buying an additional 71 shares in the last quarter. WealthCare Investment Partners LLC lifted its stake in Alphabet by 2.1% during the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock valued at $482,000 after buying an additional 71 shares in the last quarter. Peoples Financial Services CORP. lifted its stake in Alphabet by 0.4% during the fourth quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock valued at $2,331,000 after buying an additional 72 shares in the last quarter. Finally, RAM Investment Partners LLC lifted its stake in Alphabet by 1.0% during the fourth quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock valued at $1,055,000 after buying an additional 73 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wedbush upped their price objective on shares of Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Oppenheimer increased their price target on shares of Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Raymond James increased their price target on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Truist Financial increased their price target on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Sanford C. Bernstein increased their price target on shares of Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.60.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 300 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total value of $41,853.00. Following the sale, the director now owns 9,291 shares in the company, valued at $1,296,187.41. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director John L. Hennessy sold 300 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total value of $41,853.00. Following the completion of the transaction, the director now directly owns 9,291 shares of the company’s stock, valued at $1,296,187.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the transaction, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 275,129 shares of company stock worth $40,382,765. Insiders own 0.88% of the company’s stock.

Alphabet Trading Up 1.7 %

Shares of Alphabet stock opened at $166.62 on Friday. The company’s fifty day simple moving average is $149.67 and its 200-day simple moving average is $142.12. The company has a market cap of $2.07 trillion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.26 and a beta of 1.02. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 1 year low of $103.97 and a 1 year high of $174.71.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter last year, the company posted $1.17 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 7.54 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%.

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.