Ossiam Trims Stake in Alphabet Inc. (NASDAQ:GOOG)

Ossiam trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 94.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,509 shares of the information services provider’s stock after selling 24,160 shares during the quarter. Ossiam’s holdings in Alphabet were worth $287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter valued at about $27,000. LSV Asset Management purchased a new position in Alphabet during the fourth quarter valued at approximately $27,000. WealthTrak Capital Management LLC bought a new position in Alphabet in the fourth quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet during the fourth quarter worth $39,000. Finally, Noble Wealth Management PBC bought a new stake in Alphabet during the 4th quarter valued at $43,000. Institutional investors own 27.26% of the company’s stock.

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 16th. The stock was 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 approximately $419,320,207.36. This represents a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,163 shares of company stock valued at $25,361,647. 12.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GOOG shares. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Benchmark reissued a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. Wedbush reiterated an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.38.

Alphabet Stock Up 2.7 %

NASDAQ:GOOG opened at $153.90 on Wednesday. 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 company’s fifty day moving average price is $165.77 and its 200-day moving average price is $177.32. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The firm has a market capitalization of $1.88 trillion, a P/E ratio of 19.12, a PEG ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is currently 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.