Rosenblum Silverman Sutton S F Inc. CA Lowers Position in Alphabet Inc. (NASDAQ:GOOG)

Rosenblum Silverman Sutton S F Inc. CA trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,677 shares of the information services provider’s stock after selling 2,710 shares during the period. Alphabet makes up approximately 2.0% of Rosenblum Silverman Sutton S F Inc. CA’s holdings, making the stock its 17th largest position. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Alphabet were worth $8,127,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Alphabet by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider’s stock worth $19,894,651,000 after purchasing an additional 1,219,606 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Alphabet by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,824,307 shares of the information services provider’s stock worth $5,870,181,000 after purchasing an additional 875,480 shares in the last quarter. Norges Bank purchased a new position in shares of Alphabet in the fourth quarter valued at about $5,166,070,000. Principal Financial Group Inc. boosted its stake in Alphabet by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock worth $1,843,149,000 after purchasing an additional 264,962 shares during the period. Finally, Swedbank AB increased its holdings in Alphabet by 1.7% in the 4th quarter. Swedbank AB now owns 8,483,070 shares of the information services provider’s stock valued at $1,615,516,000 after acquiring an additional 144,170 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Oppenheimer increased their target price on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Wedbush reissued an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $208.65.

Insider Buying and Selling

In related news, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now directly owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. The trade was a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,297 shares of company stock worth $15,936,270 in the last three months. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $152.63 on Friday. The company has a market cap of $1.86 trillion, a P/E ratio of 18.96, a PEG ratio of 1.34 and a beta of 1.04. The business’s 50-day simple moving average is $178.12 and its 200 day simple moving average is $178.38. Alphabet Inc. has a one year low of $148.20 and a one year high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

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

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.52%. Alphabet’s dividend payout ratio is currently 9.94%.

Alphabet Company Profile

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.