Yousif Capital Management LLC Sells 24,983 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Yousif Capital Management LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 797,920 shares of the information services provider’s stock after selling 24,983 shares during the period. Alphabet comprises about 1.3% of Yousif Capital Management LLC’s investment portfolio, making the stock its 6th biggest position. Yousif Capital Management LLC’s holdings in Alphabet were worth $111,461,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Meritage Group LP boosted its position in Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares in the last quarter. Macroview Investment Management LLC boosted its position in Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after buying an additional 199 shares in the last quarter. Armor Investment Advisors LLC boosted its position in Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after buying an additional 80 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in Alphabet in the fourth quarter valued at about $55,000. Finally, LFA Lugano Financial Advisors SA boosted its position in Alphabet by 301.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock valued at $73,000 after buying an additional 392 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 0.7 %

Alphabet stock opened at $163.86 on Thursday. The stock has a market capitalization of $2.04 trillion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.29 and a beta of 1.05. Alphabet Inc. has a twelve month low of $103.71 and a twelve month high of $174.71. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $149.22 and a 200-day moving average of $141.95.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same quarter in the prior year, the company earned $1.17 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 7.49 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, June 10th.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the sale, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now directly owns 28,602 shares in the company, valued at $3,903,886.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 275,129 shares of company stock worth $40,382,765. 0.88% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on GOOGL. Susquehanna boosted their price target on shares of Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a research report on Monday. JMP Securities boosted their target price on shares of Alphabet from $160.00 to $200.00 and gave the stock a “market outperform” rating in a research note on Friday, April 26th. Raymond James boosted their target price on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada boosted their target price on shares of Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.60.

Alphabet Company 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.