Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Trimmed by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,376 shares of the information services provider’s stock after selling 1,476 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Alphabet were worth $5,221,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GOOGL. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the 4th quarter valued at $38,000. Meritage Group LP lifted its holdings in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares during the period. Macroview Investment Management LLC boosted 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 valued at $42,000 after buying an additional 199 shares in the last quarter. Armor Investment Advisors LLC grew its holdings 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 acquiring an additional 80 shares during the period. Finally, IAG Wealth Partners LLC raised its position in Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after acquiring an additional 123 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 0.3 %

Alphabet stock opened at $169.14 on Tuesday. Alphabet Inc. has a one year low of $115.35 and a one year high of $174.71. The company’s fifty day moving average price is $153.32 and its two-hundred day moving average price is $143.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market capitalization of $2.09 trillion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.29 and a beta of 1.02.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. On average, 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. Stockholders 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 dividend yield of 0.47%. The ex-dividend date is Monday, June 10th.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 300 shares of Alphabet stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total value of $41,853.00. Following the transaction, the director now directly owns 9,291 shares in the company, valued at $1,296,187.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the sale, the chief financial officer now directly owns 1,777,106 shares of the company’s stock, valued at approximately $243,854,485.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $41,853.00. Following the completion of the sale, the director now owns 9,291 shares in the company, valued at $1,296,187.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 253,329 shares of company stock worth $37,223,576. 0.88% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Susquehanna lifted their price objective on shares of Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a research note on Monday, April 29th. Loop Capital increased their price objective on Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. BMO Capital Markets lifted their target price on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Stifel Nicolaus upped their target price on Alphabet from $174.00 to $196.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Jefferies Financial Group lifted their price target on Alphabet from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $190.60.

Check Out Our Latest Stock Analysis on Alphabet

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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