Kelly Lawrence W & Associates Inc. CA Sells 625 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Kelly Lawrence W & Associates Inc. CA cut its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,785 shares of the information services provider’s stock after selling 625 shares during the quarter. Alphabet accounts for 7.3% of Kelly Lawrence W & Associates Inc. CA’s holdings, making the stock its 2nd biggest position. Kelly Lawrence W & Associates Inc. CA’s holdings in Alphabet were worth $31,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Alphabet Stock Down 2.3 %

GOOGL stock opened at $147.67 on Tuesday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The business has a 50-day simple moving average of $164.42 and a 200 day simple moving average of $175.78. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.80 trillion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. Alphabet’s payout ratio is 9.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GOOGL shares. JPMorgan Chase & Co. decreased their price target on Alphabet from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Westpark Capital upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, April 1st. Bank of America reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a report on Thursday, April 10th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $200.74.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $161.90, for a total transaction of $32,380.00. Following the completion of the transaction, the director now directly owns 7,613 shares in the company, valued at approximately $1,232,544.70. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total value of $5,075,200.00. Following the completion of the transaction, the chief executive officer now 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. In the last quarter, insiders sold 148,163 shares of company stock valued at $25,361,647. Corporate insiders own 11.55% of the company’s stock.

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.