Nicolet Advisory Services LLC Sells 80 Shares of Alphabet Inc. (NASDAQ:GOOG)

Nicolet Advisory Services LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,289 shares of the information services provider’s stock after selling 80 shares during the period. Nicolet Advisory Services LLC’s holdings in Alphabet were worth $3,919,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GOOG. Fiduciary Advisors Inc. acquired a new position in Alphabet in the 4th quarter valued at $27,000. Weiss Asset Management LP bought a new stake in Alphabet during the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Alphabet in the third quarter valued at about $33,000. WealthTrak Capital Management LLC bought a new position in shares of Alphabet in the fourth quarter worth about $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Alphabet during the 4th quarter worth about $39,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 673 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 87,297 shares of company stock worth $15,936,270. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on GOOG shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Wedbush reaffirmed an “outperform” rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Westpark Capital assumed coverage on shares of Alphabet in a report on Tuesday. They set a “buy” rating and a $210.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $208.65.

Alphabet Stock Performance

NASDAQ:GOOG opened at $158.86 on Thursday. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 1 year low of $148.20 and a 1 year high of $208.70. The firm has a 50 day moving average of $179.06 and a 200-day moving average of $178.56. 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 (NASDAQ:GOOG) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

Alphabet 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.