Tanglewood Legacy Advisors LLC Has $209,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Tanglewood Legacy Advisors LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,100 shares of the information services provider’s stock after selling 200 shares during the quarter. Tanglewood Legacy Advisors LLC’s holdings in Alphabet were worth $209,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Highland Financial Advisors LLC bought a new position in shares of Alphabet during the 4th quarter worth about $204,000. Roxbury Financial LLC acquired a new position in Alphabet during the 4th quarter worth approximately $94,000. Hickory Asset Management Inc. bought a new position in Alphabet in the fourth quarter worth approximately $446,000. Aveo Capital Partners LLC grew its stake in Alphabet by 49.3% in the fourth quarter. Aveo Capital Partners LLC now owns 9,275 shares of the information services provider’s stock valued at $1,766,000 after acquiring an additional 3,061 shares during the period. Finally, Empire Life Investments Inc. increased its holdings in shares of Alphabet by 8.2% during the fourth quarter. Empire Life Investments Inc. now owns 290,224 shares of the information services provider’s stock valued at $55,270,000 after acquiring an additional 21,874 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOG has been the topic of a number of recent research reports. Jefferies Financial Group increased their target price on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. UBS Group upped their target price on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Citigroup raised their price target on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now directly owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,029 shares of company stock valued at $12,625,003 over the last ninety days. 12.99% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $185.67 on Wednesday. The company has a market capitalization of $2.27 trillion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.39 and a beta of 1.00. The company’s 50-day moving average is $194.56 and its 200 day moving average is $176.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

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.