Alphabet Inc. $GOOG Shares Sold by Csenge Advisory Group

Csenge Advisory Group cut its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 20.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,221 shares of the information services provider’s stock after selling 2,876 shares during the quarter. Csenge Advisory Group’s holdings in Alphabet were worth $2,733,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after acquiring an additional 6,410 shares during the last quarter. Kooman & Associates raised its position in shares of Alphabet by 1.4% during the second quarter. Kooman & Associates now owns 4,127 shares of the information services provider’s stock worth $732,000 after purchasing an additional 56 shares during the period. MCF Advisors LLC lifted its holdings in shares of Alphabet by 22.4% during the second quarter. MCF Advisors LLC now owns 6,566 shares of the information services provider’s stock valued at $1,165,000 after purchasing an additional 1,201 shares during the last quarter. Hall Laurie J Trustee boosted its position in shares of Alphabet by 0.4% in the 2nd quarter. Hall Laurie J Trustee now owns 41,477 shares of the information services provider’s stock valued at $7,358,000 after purchasing an additional 150 shares during the period. Finally, AM Investment Strategies LLC increased its stake in Alphabet by 4.5% in the 2nd quarter. AM Investment Strategies LLC now owns 90,620 shares of the information services provider’s stock worth $16,075,000 after purchasing an additional 3,886 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several analyst reports. Hsbc Global Res raised shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Mizuho set a $325.00 price objective on shares of Alphabet in a research report on Thursday, October 30th. Oppenheimer boosted their target price on shares of Alphabet from $300.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Loop Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, UBS Group reiterated a “neutral” rating on shares of Alphabet in a report on Thursday, October 30th. Eight analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and a consensus target price of $326.13.

Check Out Our Latest Stock Analysis on Alphabet

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 17,829 shares of the stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the transaction, the insider owned 42,972 shares of the company’s stock, valued at approximately $13,531,453.08. This represents a 29.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 102 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $313.45, for a total value of $31,971.90. Following the completion of the sale, the director owned 18,205 shares of the company’s stock, valued at approximately $5,706,357.25. This trade represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 192,687 shares of company stock worth $58,728,068 in the last 90 days. Insiders own 12.99% of the company’s stock.

Alphabet Trading Up 0.7%

NASDAQ:GOOG opened at $330.84 on Friday. The company has a market capitalization of $3.99 trillion, a P/E ratio of 32.63, a P/E/G ratio of 1.81 and a beta of 1.09. The stock’s 50 day moving average price is $315.30 and its 200 day moving average price is $259.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $341.20.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The company had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. During the same period in the previous year, the firm posted $2.12 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is currently 8.28%.

Trending Headlines about Alphabet

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About Alphabet

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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