Schwerin Boyle Capital Management Inc. Sells 400 Shares of Alphabet Inc. (NASDAQ:GOOG)

Schwerin Boyle Capital Management Inc. reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 261,355 shares of the information services provider’s stock after selling 400 shares during the quarter. Alphabet comprises 5.1% of Schwerin Boyle Capital Management Inc.’s portfolio, making the stock its 5th biggest position. Schwerin Boyle Capital Management Inc.’s holdings in Alphabet were worth $49,772,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. GPS Wealth Strategies Group LLC raised its position in shares of Alphabet by 6.8% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock worth $3,094,000 after purchasing an additional 1,041 shares during the period. North Forty Two & Co. bought a new position in shares of Alphabet during the 4th quarter worth approximately $281,000. Requisite Capital Management LLC bought a new position in Alphabet in the fourth quarter valued at $927,000. SageView Advisory Group LLC lifted its position in Alphabet by 140.6% during the 4th quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider’s stock worth $2,806,000 after buying an additional 8,610 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Alphabet by 10.9% during the fourth quarter. Nordea Investment Management AB now owns 7,184,399 shares of the information services provider’s stock worth $1,384,039,000 after acquiring an additional 704,875 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 2nd. The shares were 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 directly owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,497 shares of company stock valued at $20,837,150 in the last ninety days. 12.99% of the stock is owned by company insiders.

Alphabet Stock Up 1.3 %

Shares of NASDAQ GOOG opened at $161.47 on Tuesday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $1.97 trillion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The company has a 50 day simple moving average of $169.86 and a 200 day simple moving average of $177.96.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results 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 net margin of 28.60% and a return on equity of 32.49%. On average, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on GOOG. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research 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. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Westpark Capital initiated coverage on Alphabet in a report on Tuesday, April 1st. They set a “buy” rating and a $210.00 price objective for the company. Finally, Benchmark reiterated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $208.71.

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.