Alphabet Inc. (NASDAQ:GOOG) Holdings Decreased by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,123 shares of the information services provider’s stock after selling 449 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Alphabet were worth $15,449,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Prudential PLC grew its stake in shares of Alphabet by 15.7% in the 2nd quarter. Prudential PLC now owns 527,604 shares of the information services provider’s stock valued at $96,773,000 after buying an additional 71,452 shares in the last quarter. Financial Futures Ltd Liability Co. raised its holdings in shares of Alphabet by 5.6% during the 2nd quarter. Financial Futures Ltd Liability Co. now owns 7,488 shares of the information services provider’s stock valued at $1,373,000 after purchasing an additional 400 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in shares of Alphabet by 0.3% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 161,049 shares of the information services provider’s stock valued at $29,540,000 after purchasing an additional 480 shares in the last quarter. Roof Eidam Maycock Peralta LLC lifted its stake in shares of Alphabet by 0.4% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 26,572 shares of the information services provider’s stock valued at $4,874,000 after purchasing an additional 116 shares during the last quarter. Finally, Choreo LLC boosted its holdings in Alphabet by 139.8% in the second quarter. Choreo LLC now owns 202,905 shares of the information services provider’s stock worth $37,425,000 after purchasing an additional 118,278 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at $350,361,837.80. This trade represents a 1.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $164.95, for a total value of $247,425.00. Following the sale, the director now owns 26,324 shares of the company’s stock, valued at approximately $4,342,143.80. The trade was a 5.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,887 shares of company stock worth $27,996,356 in the last ninety days. 12.99% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of GOOG traded down $1.61 during trading hours on Friday, hitting $193.78. The company had a trading volume of 6,529,103 shares, compared to its average volume of 14,565,690. The business has a fifty day moving average of $183.71 and a 200-day moving average of $174.52. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $202.88.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. During the same period in the prior year, the firm earned $1.55 EPS. The business’s revenue was up 15.1% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on GOOG shares. Jefferies Financial Group boosted their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays boosted their target price on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Pivotal Research boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer raised their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.56.

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.