D L Carlson Investment Group Inc. Sells 1,031 Shares of Alphabet Inc. (NASDAQ:GOOGL)

D L Carlson Investment Group Inc. trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,400 shares of the information services provider’s stock after selling 1,031 shares during the period. Alphabet accounts for about 3.3% of D L Carlson Investment Group Inc.’s investment portfolio, making the stock its 5th largest position. D L Carlson Investment Group Inc.’s holdings in Alphabet were worth $18,627,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Community Bank N.A. grew its position in shares of Alphabet by 6.4% in the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider’s stock valued at $8,741,000 after purchasing an additional 2,790 shares during the last quarter. Premier Fund Managers Ltd boosted its stake in Alphabet by 30.0% during the 4th quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider’s stock valued at $11,816,000 after purchasing an additional 14,262 shares during the period. Absolute Capital Management LLC grew its holdings in Alphabet by 14.0% in the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider’s stock valued at $401,000 after buying an additional 258 shares during the last quarter. Permanent Capital Management LP bought a new position in Alphabet in the 4th quarter worth approximately $273,000. Finally, Glass Wealth Management Co LLC lifted its holdings in shares of Alphabet by 4.5% during the fourth quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider’s stock worth $7,014,000 after buying an additional 1,580 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their price objective on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Tuesday. Westpark Capital raised Alphabet to a “strong-buy” rating in a research report on Tuesday, April 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Thursday, December 12th. Finally, Wolfe Research lifted their price objective on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.10.

Alphabet Stock Down 1.4 %

NASDAQ GOOGL opened at $144.70 on Wednesday. The stock has a market capitalization of $1.76 trillion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. 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 stock has a fifty day moving average of $172.22 and a 200-day moving average of $176.46.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.55%. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at approximately $3,468,029.04. This trade represents a 13.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,797 shares of company stock valued at $21,089,470. 11.55% of the stock is currently owned by insiders.

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.