By otakuyassine3@gmail.com 
Frazier Financial Advisors LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 5.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,443 shares of the information services provider’s stock after selling 87 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Alphabet were worth $276,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in shares of Alphabet by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock worth $1,871,384,000 after buying an additional 337,031 shares during the period. WESPAC Advisors LLC increased its holdings in Alphabet by 1.9% during the third quarter. WESPAC Advisors LLC now owns 11,817 shares of the information services provider’s stock valued at $1,960,000 after buying an additional 223 shares during the period. StoneX Group Inc. increased its holdings in Alphabet by 20.3% during the third quarter. StoneX Group Inc. now owns 37,725 shares of the information services provider’s stock valued at $6,257,000 after buying an additional 6,372 shares during the period. Family Capital Management Inc. raised its stake in Alphabet by 1.8% in the third quarter. Family Capital Management Inc. now owns 6,950 shares of the information services provider’s stock worth $1,153,000 after buying an additional 125 shares in the last quarter. Finally, Wescott Financial Advisory Group LLC lifted its holdings in Alphabet by 5.4% during the third quarter. Wescott Financial Advisory Group LLC now owns 3,871 shares of the information services provider’s stock worth $642,000 after buying an additional 200 shares during the period. Institutional investors own 40.03% of the company’s stock.
Insider Transactions at Alphabet
In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 673 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. This trade represents a 4.21 % 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 in the last three months. 11.55% of the stock is currently owned by company insiders.
Alphabet Stock Performance
Shares of NASDAQ GOOGL opened at $145.60 on Monday. The company has a market capitalization of $1.77 trillion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company’s fifty day moving average price is $175.15 and its 200 day moving average price is $176.93. 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 posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.
Analysts Set New Price Targets
Several research firms have recently commented on GOOGL. JPMorgan Chase & Co. reduced their price target on Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Bank of America reissued a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. KeyCorp cut their price objective on shares of Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Citigroup decreased their target price on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $209.13.
Read Our Latest Stock Analysis on Alphabet
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.
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