Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Fairview Capital Investment Management LLC

Fairview Capital Investment Management LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,773 shares of the information services provider’s stock after selling 215 shares during the quarter. Fairview Capital Investment Management LLC’s holdings in Alphabet were worth $3,932,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOGL. Optivise Advisory Services LLC lifted its holdings in Alphabet by 8.0% in the 4th quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider’s stock valued at $1,035,000 after acquiring an additional 403 shares during the last quarter. Community Bank N.A. lifted its stake in Alphabet by 6.4% during the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider’s stock valued at $8,741,000 after purchasing an additional 2,790 shares during the last quarter. Premier Fund Managers Ltd boosted its holdings in Alphabet by 30.0% during the fourth quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider’s stock worth $11,816,000 after buying an additional 14,262 shares in the last quarter. Absolute Capital Management LLC grew its position in Alphabet by 14.0% in the fourth quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider’s stock worth $401,000 after buying an additional 258 shares during the last quarter. Finally, Permanent Capital Management LP bought a new position in shares of Alphabet in the fourth quarter valued at $273,000. Institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent research reports. Jefferies Financial Group decreased their target price on Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Bank of America boosted their price objective on Alphabet from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their target price on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC restated a “buy” rating and issued a $178.00 target price on shares of Alphabet in a report on Friday, April 25th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $200.00 price target (down from $230.00) on shares of Alphabet in a research report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.75.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,824 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total transaction of $529,302.32. Following the sale, the chief accounting officer now directly owns 15,024 shares in the company, valued at $2,815,948.32. This trade represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred 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 in the company, valued at approximately $430,917,877.76. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,824 shares of company stock worth $25,086,603 in the last three months. Insiders own 11.64% of the company’s stock.

Alphabet Trading Up 1.9 %

Alphabet stock opened at $154.28 on Friday. The business has a 50 day moving average price of $159.29 and a two-hundred day moving average price of $175.18. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The stock has a market cap of $1.87 trillion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same quarter in the prior year, the business posted $1.89 earnings per share. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.54%. Alphabet’s dividend payout ratio (DPR) is presently 9.36%.

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.