Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Advisor OS LLC

Advisor OS LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,572 shares of the information services provider’s stock after selling 89 shares during the quarter. Advisor OS LLC’s holdings in Alphabet were worth $2,966,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Ascension Capital Advisors Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at $233,000. JFG Wealth Management LLC lifted its holdings in shares of Alphabet by 3.6% in the fourth quarter. JFG Wealth Management LLC now owns 2,131 shares of the information services provider’s stock valued at $406,000 after buying an additional 74 shares during the period. Kirtland Hills Capital Management LLC lifted its holdings in shares of Alphabet by 22.5% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 1,653 shares of the information services provider’s stock valued at $315,000 after buying an additional 304 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at $11,472,000. Finally, LGL Partners LLC lifted its holdings in shares of Alphabet by 2.2% in the fourth quarter. LGL Partners LLC now owns 5,056 shares of the information services provider’s stock valued at $963,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $172.22 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The stock’s 50-day moving average is $192.17 and its two-hundred day moving average is $177.65. The firm has a market cap of $2.10 trillion, a P/E ratio of 21.39, a PEG ratio of 1.34 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and set a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction dated 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 owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, the director now directly owns 23,324 shares in the company, valued at approximately $4,529,987.28. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,309 shares of company stock valued at $25,057,490 in the last three months. Insiders own 12.99% of the company’s stock.

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.