One Day In July LLC Decreases Stock Position in Alphabet Inc. (NASDAQ:GOOG)

One Day In July LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 19.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,626 shares of the information services provider’s stock after selling 2,090 shares during the period. One Day In July LLC’s holdings in Alphabet were worth $1,643,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Cromwell Holdings LLC raised its stake in Alphabet by 2.8% during the 4th quarter. Cromwell Holdings LLC now owns 13,712 shares of the information services provider’s stock valued at $2,611,000 after buying an additional 375 shares during the last quarter. Aspen Investment Management Inc raised its stake in Alphabet by 1.7% during the 4th quarter. Aspen Investment Management Inc now owns 3,595 shares of the information services provider’s stock valued at $685,000 after buying an additional 60 shares during the last quarter. Prakash Investment Advisors LLC purchased a new stake in Alphabet during the 4th quarter valued at $1,668,000. Parcion Private Wealth LLC raised its stake in Alphabet by 0.5% during the 4th quarter. Parcion Private Wealth LLC now owns 16,989 shares of the information services provider’s stock valued at $3,235,000 after buying an additional 78 shares during the last quarter. Finally, Pacific Sun Financial Corp raised its stake in Alphabet by 2.3% during the 4th quarter. Pacific Sun Financial Corp now owns 2,838 shares of the information services provider’s stock valued at $540,000 after buying an additional 65 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Down 2.7 %

Shares of Alphabet stock opened at $181.58 on Monday. The company has a market capitalization of $2.21 trillion, a P/E ratio of 22.56, a P/E/G ratio of 1.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a fifty day moving average of $194.02 and a 200 day moving average of $177.45. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business 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 dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,299 shares of company stock valued at $25,055,751 in the last 90 days. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company upped their price objective on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $209.13.

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.