Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Colonial Trust Advisors

Colonial Trust Advisors lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,890 shares of the information services provider’s stock after selling 2,610 shares during the period. Alphabet makes up 2.2% of Colonial Trust Advisors’ portfolio, making the stock its 9th biggest position. Colonial Trust Advisors’ holdings in Alphabet were worth $24,967,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Compass Planning Associates Inc acquired a new stake in Alphabet in the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after acquiring an additional 166 shares during the period. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $39,000. PayPay Securities Corp raised its holdings in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new stake in Alphabet in the fourth quarter worth approximately $53,000. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,497 shares of company stock worth $20,837,150 over the last three months. 11.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Rosenblatt Securities reiterated a “neutral” rating and set a $205.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Roth Mkm reiterated a “buy” rating and issued a $220.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. JMP Securities restated a “market perform” rating on shares of Alphabet in a research report on Thursday, April 10th. KeyCorp dropped their target price on shares of Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Finally, Citigroup reduced their target price on shares of Alphabet from $229.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $205.49.

Alphabet Price Performance

Alphabet stock opened at $159.07 on Tuesday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The firm has a market cap of $1.94 trillion, a P/E ratio of 19.76, a P/E/G 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 business’s fifty day moving average is $167.87 and its two-hundred day moving average is $176.28.

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

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is 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.