2 weeks Ago By ABMN Staff
Amica Retiree Medical Trust trimmed its holdings in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The fund owned 13,940 shares of the information services provider’s stock after selling 2,019 shares during the quarter. Alphabet accounts for about 2.5% of Amica Retiree Medical Trust’s investment portfolio, making the stock its 7th biggest position.
Amica Retiree Medical Trust’s holdings in Alphabet were worth $2,639,000 as of its most recent SEC filing. Other institutional investors have also modified their holdings of the company. Compass Planning Associates Inc acquired a new position in Alphabet during the 4th quarter worth $30,000.
E Fund Management Hong Kong Co. Ltd. grew its stake in Alphabet by 518.
8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd.
now owns 198 shares of the information services provider’s stock worth $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in Alphabet in the fourth quarter valued at about $39,000.
PayPay Securities Corp raised its stake in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after buying an additional 65 shares in the last quarter.
Finally, Denver PWM LLC lifted its holdings in Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after buying an additional 57 shares during the last quarter.
Institutional investors and hedge funds own 40.03% of the company’s stock. Wall Street Analysts Forecast Growth GOOGL has been the topic of several research reports.
Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Morgan Stanley dropped their target price on shares of Alphabet from $215.00 to $210.
00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Alphabet in a research report on Wednesday, February 5th.
JPMorgan Chase & Co. lowered their price objective on shares of Alphabet from $232.00 to $220.
00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, KeyCorp dropped their price objective on shares of Alphabet from $220.00 to $202.
00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $209.
13. Insider Transactions at Alphabet In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Monday, January 13th.
The stock was sold at an average price of $189.80, for a total transaction of $284,700.00.
Following the completion of the sale, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. This trade represents a 6.
43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction dated Wednesday, January 15th.
The shares were sold at an average price of $194.32, for a total value of $550,702.88.
Following the completion of the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at $3,468,029.04. This represents a 13.
70 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 119,797 shares of company stock valued at $21,089,470 over the last quarter.
Company insiders own 11.55% of the company’s stock. Alphabet Trading Down 3.
4 % Shares of GOOGL opened at $145.60 on Friday. The business’s 50-day moving average price is $175.
15 and its 200 day moving average price is $176.81. The company has a current ratio of 1.
84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.
The stock has a market capitalization of $1.77 trillion, a P/E ratio of 18.09, a P/E/G ratio of 1.
34 and a beta of 1.03. Alphabet Inc.
has a 1-year low of $145.38 and a 1-year high of $207.05.
Alphabet ( NASDAQ:GOOGL – Get Free Report ) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.
12 by $0.03. Alphabet had a net margin of 28.
60% and a return on equity of 32.49%. Analysts expect that Alphabet Inc.
will post 8.9 earnings per share for the current year. Alphabet Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th.
Stockholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date was Monday, March 10th.
This represents a $0.80 annualized dividend and a dividend yield of 0.55%.
Alphabet’s dividend payout ratio (DPR) is presently 9.94%. Alphabet Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Alphabet Inc. ( NASDAQ:GOOGL – Free Report ). Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.
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