Gill Capital Partners LLC Has $1.74 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Gill Capital Partners LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,135 shares of the information services provider’s stock after selling 59 shares during the quarter. Gill Capital Partners LLC’s holdings in Alphabet were worth $1,740,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GOOG. Wallington Asset Management LLC lifted its holdings in Alphabet by 0.9% in the fourth quarter. Wallington Asset Management LLC now owns 83,756 shares of the information services provider’s stock valued at $15,950,000 after buying an additional 752 shares during the period. GoalFusion Wealth Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $279,000. Premier Path Wealth Partners LLC boosted its position in shares of Alphabet by 8.0% in the 4th quarter. Premier Path Wealth Partners LLC now owns 36,700 shares of the information services provider’s stock worth $6,989,000 after purchasing an additional 2,731 shares during the last quarter. Verity & Verity LLC increased its holdings in Alphabet by 35.1% in the fourth quarter. Verity & Verity LLC now owns 3,426 shares of the information services provider’s stock valued at $652,000 after purchasing an additional 891 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its stake in Alphabet by 7.0% in the fourth quarter. Integrated Investment Consultants LLC now owns 5,850 shares of the information services provider’s stock valued at $1,114,000 after buying an additional 382 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the transaction, the director now directly owns 330,466 shares of the company’s stock, valued at $59,741,643.48. This trade represents a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction that occurred on Monday, December 2nd. The stock was 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 in the company, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock valued at $24,368,654 over the last ninety days. 12.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of analyst reports. Scotiabank assumed coverage on shares of Alphabet in a research report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price target on the stock. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Barclays raised their price target on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their target price on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Six 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.56.

Alphabet Trading Up 1.6 %

GOOG opened at $197.55 on Monday. The company’s 50 day moving average price is $185.92 and its two-hundred day moving average price is $174.85. The firm has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.21 and a beta of 0.99. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $202.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, research analysts predict that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 10.61%.

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.