2 weeks Ago By ABMN Staff
Wambolt & Associates LLC trimmed its holdings in Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 24.3% during the fourth quarter, HoldingsChannel.
com reports. The fund owned 10,859 shares of the information services provider’s stock after selling 3,479 shares during the period. Wambolt & Associates LLC’s holdings in Alphabet were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Compass Planning Associates Inc acquired a new position in Alphabet in the fourth quarter valued at $30,000. E Fund Management Hong Kong Co.
Ltd. grew its holdings in shares of Alphabet by 518.8% during 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 buying an additional 166 shares during the last quarter.
Fiduciary Advisors Inc. acquired a new position in Alphabet in the 4th quarter valued at about $39,000. PayPay Securities Corp increased its position in Alphabet by 36.
1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 65 shares during the period. Finally, Denver PWM LLC raised its stake in Alphabet by 25.
4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 40.
03% of the company’s stock. Alphabet Stock Down 3.4 % Shares of NASDAQ:GOOGL opened at $145.
60 on Friday. 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 firm has a market cap of $1.
77 trillion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.34 and a beta of 1.
03. The stock’s 50-day moving average price is $175.15 and its two-hundred day moving average price is $176.
68. Alphabet Inc. has a 12-month low of $145.
38 and a 12-month high of $207.05. Alphabet Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Monday, March 17th.
Investors of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.
80 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, March 10th.
Alphabet’s dividend payout ratio (DPR) is currently 9.94%. Insider Activity at Alphabet In other news, CAO Amie Thuener O’toole sold 673 shares of the firm’s stock in a transaction dated Tuesday, April 1st.
The stock was sold at an average price of $155.33, for a total value of $104,537.09.
Following the transaction, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99. This trade represents a 4.
21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, insider John Kent Walker sold 17,690 shares of the business’s stock in a transaction dated Tuesday, February 18th.
The stock was sold at an average price of $185.51, for a total value of $3,281,671.90.
Following the sale, the insider now owns 43,111 shares of the company’s stock, valued at $7,997,521.61. The trade was a 29.
09 % decrease in their position. The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 119,797 shares of company stock worth $21,089,470.
11.55% of the stock is owned by insiders. Analyst Ratings Changes Several brokerages have weighed in on GOOGL.
Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Jefferies Financial Group lowered their price objective on shares of Alphabet from $235.
00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Westpark Capital upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday.
The Goldman Sachs Group reaffirmed a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. Finally, Roth Mkm reissued a “buy” rating and set a $220.
00 price target on shares of Alphabet in a report on Wednesday, March 19th. Ten 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 stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $209.
13. Read Our Latest Stock Analysis on Alphabet 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.com's FREE daily email newsletter .
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