Jump Financial LLC Decreases Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Jump Financial LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 70.1% in the fourth quarter, HoldingsChannel reports. The fund owned 49,425 shares of the information services provider’s stock after selling 115,696 shares during the period. Jump Financial LLC’s holdings in Alphabet were worth $9,356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Planning Associates Inc purchased a new position in Alphabet during the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet during the fourth quarter valued at about $39,000. PayPay Securities Corp raised its stake in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after buying an additional 65 shares in the last quarter. Finally, Denver PWM LLC lifted its holdings in Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after buying an additional 57 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,685,196 shares of the company’s stock, valued at $419,320,207.36. The trade was a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock worth $25,361,647 in the last three months. 11.55% of the stock is owned by company insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $151.08 on Friday. The stock has a 50-day simple moving average of $165.14 and a two-hundred day simple moving average of $175.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The firm has a market capitalization of $1.84 trillion, a PE ratio of 18.77, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly 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%. Analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm 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. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%. Alphabet’s dividend payout ratio is presently 9.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GOOGL shares. DZ Bank downgraded Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price on the stock. in a report on Thursday, February 6th. Citigroup decreased their price objective on Alphabet from $229.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Morgan Stanley dropped their target price on shares of Alphabet from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday. Mizuho decreased their price target on shares of Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, Cantor Fitzgerald dropped their price objective on shares of Alphabet from $200.00 to $159.00 and set a “neutral” rating on the stock in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $200.74.

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.