Collective Family Office LLC Sells 175 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Collective Family Office LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,223 shares of the information services provider’s stock after selling 175 shares during the quarter. Collective Family Office LLC’s holdings in Alphabet were worth $2,125,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. LMR Partners LLP purchased a new position in Alphabet in the third quarter worth $32,000. Kings Path Partners LLC acquired a new stake in shares of Alphabet during the second quarter worth $36,000. Denver PWM LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at $41,000. Quarry LP purchased a new position in Alphabet in the 2nd quarter worth $53,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Alphabet during the 3rd quarter worth about $66,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 0.1 %

Shares of GOOGL stock traded down $0.17 during mid-day trading on Wednesday, hitting $195.32. 12,175,659 shares of the company’s stock were exchanged, compared to its average volume of 21,277,248. The stock has a market cap of $2.39 trillion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.35 and a beta of 0.98. The stock has a 50-day simple moving average of $181.36 and a two-hundred day simple moving average of $172.72. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $201.42. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. Equities analysts expect that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

Analyst Ratings Changes

GOOGL has been the subject of several research analyst reports. JMP Securities cut Alphabet from an “outperform” rating to a “market perform” rating and set a $220.00 price objective for the company. in a research note on Thursday, January 2nd. Pivotal Research raised their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Scotiabank raised Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.82.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 1,368 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the sale, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,887 shares of company stock worth $27,996,356 in the last 90 days. 11.55% of the stock is owned by company insiders.

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.