Silver Oak Advisory Group Inc. Decreases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Silver Oak Advisory Group Inc. lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 16.3% in the 4th quarter, HoldingsChannel reports. The fund owned 1,833 shares of the information services provider’s stock after selling 357 shares during the period. Silver Oak Advisory Group Inc.’s holdings in Alphabet were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Stanley Laman Group Ltd. grew its holdings in Alphabet by 33.6% in the fourth quarter. Stanley Laman Group Ltd. now owns 7,236 shares of the information services provider’s stock worth $1,011,000 after purchasing an additional 1,819 shares during the last quarter. AM Investment Strategies LLC grew its stake in Alphabet by 10.2% during the 4th quarter. AM Investment Strategies LLC now owns 6,280 shares of the information services provider’s stock worth $877,000 after buying an additional 580 shares during the last quarter. Evolution Advisers Inc. increased its position in Alphabet by 83.3% during the 4th quarter. Evolution Advisers Inc. now owns 1,320 shares of the information services provider’s stock valued at $182,000 after buying an additional 600 shares in the last quarter. Tandem Capital Management Corp ADV raised its stake in Alphabet by 5.3% in the fourth quarter. Tandem Capital Management Corp ADV now owns 41,922 shares of the information services provider’s stock valued at $5,856,000 after buying an additional 2,101 shares during the last quarter. Finally, VCI Wealth Management LLC acquired a new stake in Alphabet in the fourth quarter worth about $268,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the sale, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, 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 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 hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders sold 275,129 shares of company stock valued at $40,382,765 over the last quarter. 0.88% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Wells Fargo & Company upped their price target on shares of Alphabet from $141.00 to $168.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Morgan Stanley lifted their price objective on shares of Alphabet from $165.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Robert W. Baird upped their target price on Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Raymond James lifted their price target on Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $190.60.

Alphabet Trading Up 0.4 %

Shares of NASDAQ:GOOGL opened at $167.24 on Friday. The business’s 50 day moving average price is $149.67 and its 200-day moving average price is $142.12. Alphabet Inc. has a 1 year low of $103.97 and a 1 year high of $174.71. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same period in the prior year, the business posted $1.17 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 7.57 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is currently 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.