Mesirow Financial Investment Management Inc. Sells 5,402 Shares of Alphabet Inc. (NASDAQ:GOOG)

Mesirow Financial Investment Management Inc. reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 575,009 shares of the information services provider’s stock after selling 5,402 shares during the period. Alphabet makes up approximately 2.2% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 8th largest holding. Mesirow Financial Investment Management Inc.’s holdings in Alphabet were worth $109,507,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GOOG. Weiss Asset Management LP bought a new stake in Alphabet during the third quarter worth about $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet in the 4th quarter worth approximately $27,000. Safe Harbor Fiduciary LLC bought a new stake in Alphabet during the 3rd quarter worth approximately $33,000. Sanctuary Wealth Management L.L.C. increased its holdings in Alphabet by 87.3% during the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 117 shares in the last quarter. Finally, Noble Wealth Management PBC bought a new position in Alphabet in the 4th quarter valued at $43,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 0.9 %

NASDAQ:GOOG opened at $175.75 on Friday. The firm has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1-year low of $134.80 and a 1-year high of $208.70. The business’s 50-day moving average price is $189.85 and its two-hundred day moving average price is $178.00. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

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, beating 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%. On average, equities analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet’s dividend payout ratio is 9.94%.

Analyst Ratings Changes

Several analysts have recently commented on GOOG shares. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Oppenheimer increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Benchmark reissued a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,316 shares of company stock valued at $25,062,887 in the last quarter. Company insiders own 12.99% of the company’s stock.

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.