Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,961 shares of the information services provider’s stock after selling 1,657 shares during the quarter. Good Life Advisors LLC’s holdings in Alphabet were worth $2,087,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GOOG. Swedbank AB boosted its holdings in shares of Alphabet by 0.6% in the third quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after acquiring an additional 51,226 shares during the period. Harvey Investment Co. LLC lifted its holdings in shares of Alphabet by 2.9% during the third quarter. Harvey Investment Co. LLC now owns 108,221 shares of the information services provider’s stock worth $18,093,000 after purchasing an additional 3,085 shares during the period. Grimes & Company Inc. lifted its holdings in shares of Alphabet by 0.6% during the third quarter. Grimes & Company Inc. now owns 71,485 shares of the information services provider’s stock worth $11,952,000 after purchasing an additional 436 shares during the period. Impact Partnership Wealth LLC lifted its holdings in shares of Alphabet by 7.0% during the third quarter. Impact Partnership Wealth LLC now owns 1,823 shares of the information services provider’s stock worth $305,000 after purchasing an additional 119 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in shares of Alphabet by 2.0% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 95,857 shares of the information services provider’s stock worth $16,026,000 after purchasing an additional 1,842 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the transaction, the director now directly owns 23,324 shares of the company’s stock, valued at $4,529,987.28. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,299 shares of company stock valued at $25,055,751. 12.99% of the stock is owned by insiders.

Alphabet Trading Down 2.7 %

Shares of GOOG stock opened at $181.58 on Friday. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The stock has a market cap 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 business has a fifty day simple moving average of $194.02 and a 200-day simple moving average of $177.34. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly 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 return on equity of 32.49% and a net margin of 28.60%. On average, 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 will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GOOG shares. Jefferies Financial Group increased their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Canaccord Genuity Group increased their price target on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Citigroup raised their target price on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Benchmark reissued a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus 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.