Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Reduced by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,153 shares of the information services provider’s stock after selling 14,530 shares during the period. Alphabet comprises approximately 3.4% of Schwarz Dygos Wheeler Investment Advisors LLC’s portfolio, making the stock its 6th biggest holding. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Alphabet were worth $11,057,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Parametrica Management Ltd lifted its stake in Alphabet by 41.3% in the fourth quarter. Parametrica Management Ltd now owns 48,291 shares of the information services provider’s stock valued at $6,746,000 after purchasing an additional 14,105 shares during the last quarter. Alexander Randolph Advisory Inc. bought a new stake in Alphabet during the 4th quarter valued at $3,564,000. Valmark Advisers Inc. raised its holdings in Alphabet by 16.0% during the 4th quarter. Valmark Advisers Inc. now owns 17,141 shares of the information services provider’s stock valued at $2,394,000 after acquiring an additional 2,369 shares during the period. Addison Advisors LLC raised its holdings in Alphabet by 5.3% during the 4th quarter. Addison Advisors LLC now owns 6,386 shares of the information services provider’s stock valued at $892,000 after acquiring an additional 323 shares during the period. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Alphabet during the 4th quarter valued at $1,653,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total value of $3,753,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,280,511 shares of the company’s stock, valued at $380,389,234.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total value of $3,753,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,280,511 shares of the company’s stock, valued at $380,389,234.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The disclosure for this sale can be found here. Insiders sold a total of 275,129 shares of company stock valued at $40,382,765 over the last three months. Corporate insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of a number of analyst reports. Loop Capital boosted their target price on shares of Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a report on Wednesday. Barclays boosted their target price on shares of Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Piper Sandler reissued an “overweight” rating and set a $200.00 target price (up previously from $160.00) on shares of Alphabet in a report on Friday, April 26th. Royal Bank of Canada boosted their target price on shares of Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Redburn Atlantic upped their price target on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned 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 price target of $190.60.

Alphabet Stock Performance

Alphabet stock opened at $167.24 on Friday. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $150.14 and a 200-day moving average of $142.32. The firm has a market cap of $2.08 trillion, a P/E ratio of 25.65, a P/E/G ratio of 1.28 and a beta of 1.02. Alphabet Inc. has a 1-year low of $103.97 and a 1-year high of $174.71.

Alphabet (NASDAQ:GOOGL) last posted its earnings results 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. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period in the prior year, the business posted $1.17 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared 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 0.48%. The ex-dividend date is Monday, June 10th.

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.