Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,425 shares of the information services provider’s stock after selling 78 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Alphabet were worth $1,595,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Lantz Financial LLC grew its position in Alphabet by 10.8% in the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after buying an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC acquired a new stake in shares of Alphabet in the 2nd quarter worth approximately $218,000. Foster & Motley Inc. boosted its holdings in shares of Alphabet by 4.1% in the second quarter. Foster & Motley Inc. now owns 9,187 shares of the information services provider’s stock valued at $1,673,000 after acquiring an additional 366 shares in the last quarter. Journey Advisory Group LLC increased its stake in shares of Alphabet by 156.9% during the second quarter. Journey Advisory Group LLC now owns 48,966 shares of the information services provider’s stock valued at $8,919,000 after acquiring an additional 29,903 shares during the period. Finally, Prospect Hill Management LLC increased its stake in shares of Alphabet by 0.4% during the second quarter. Prospect Hill Management LLC now owns 27,220 shares of the information services provider’s stock valued at $4,958,000 after acquiring an additional 100 shares during the period. Institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOOGL. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research note on Friday, January 10th. Wolfe Research raised their target price on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Pivotal Research boosted their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Tigress Financial raised their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 26th. Finally, Loop Capital boosted their target price on shares of Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $208.15.

Get Our Latest Analysis on GOOGL

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the sale, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,387 shares of company stock valued at $24,368,654. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $192.91 on Friday. The firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.22 and a beta of 0.98. Alphabet Inc. has a one year low of $130.66 and a one year high of $201.42. The business has a fifty day simple moving average of $183.83 and a 200 day simple moving average of $173.20. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter in the prior year, the company posted $1.55 EPS. Sell-side analysts expect that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio is 10.61%.

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.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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