Tillman Hartley LLC Trims Stake in Alphabet Inc. (NASDAQ:GOOG)

Tillman Hartley LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,955 shares of the information services provider’s stock after selling 85 shares during the period. Tillman Hartley LLC’s holdings in Alphabet were worth $944,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Erste Asset Management GmbH grew its position in shares of Alphabet by 16.5% during the 4th quarter. Erste Asset Management GmbH now owns 406,734 shares of the information services provider’s stock valued at $78,734,000 after purchasing an additional 57,486 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Alphabet by 15.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 617,726 shares of the information services provider’s stock valued at $117,640,000 after purchasing an additional 81,063 shares in the last quarter. Rakuten Securities Inc. grew its position in shares of Alphabet by 21.6% during the 4th quarter. Rakuten Securities Inc. now owns 6,928 shares of the information services provider’s stock valued at $1,319,000 after purchasing an additional 1,229 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Alphabet by 6.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 308,337 shares of the information services provider’s stock worth $58,720,000 after acquiring an additional 20,011 shares in the last quarter. Finally, Liberty Wealth Management LLC grew its position in Alphabet by 39.9% in the fourth quarter. Liberty Wealth Management LLC now owns 15,762 shares of the information services provider’s stock worth $3,002,000 after acquiring an additional 4,492 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider John Kent Walker sold 16,820 shares of the business’s 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 transaction, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $4,085,531.55. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,682 shares of company stock valued at $17,901,024. Insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $169.00 on Thursday. The company has a market cap of $2.06 trillion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a 50-day moving average price of $188.44 and a 200-day moving average price of $178.02. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $140.01 and a 12 month high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Scotiabank upped their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer upped their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

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.