Jump Financial LLC Reduces Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Jump Financial LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 77.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,440 shares of the information services provider’s stock after selling 81,874 shares during the quarter. Jump Financial LLC’s holdings in Alphabet were worth $3,414,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sonata Capital Group Inc. grew its stake in Alphabet by 5.1% during the 3rd quarter. Sonata Capital Group Inc. now owns 3,720 shares of the information services provider’s stock valued at $487,000 after purchasing an additional 180 shares in the last quarter. High Note Wealth LLC increased its stake in shares of Alphabet by 2.8% in the third quarter. High Note Wealth LLC now owns 45,703 shares of the information services provider’s stock worth $5,981,000 after buying an additional 1,238 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC raised its holdings in Alphabet by 1.1% in the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 25,368 shares of the information services provider’s stock valued at $3,186,000 after acquiring an additional 265 shares in the last quarter. Foyston Gordon & Payne Inc boosted its stake in Alphabet by 9.7% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 97,079 shares of the information services provider’s stock valued at $12,704,000 after acquiring an additional 8,616 shares during the last quarter. Finally, Value Partners Investments Inc. grew its holdings in Alphabet by 13.2% during the 3rd quarter. Value Partners Investments Inc. now owns 9,753 shares of the information services provider’s stock worth $1,282,000 after acquiring an additional 1,134 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $176.06 on Friday. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $176.26. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $157.22 and a 200-day moving average of $145.16. The firm has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings data 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 analyst estimates of $66.04 billion. During the same quarter last year, the firm posted $1.17 EPS. Analysts forecast that Alphabet Inc. will post 7.56 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, June 10th.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GOOGL shares. Mizuho increased their price target on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. JMP Securities reiterated a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a report on Wednesday. Evercore ISI raised their price objective on Alphabet from $160.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Oppenheimer boosted their target price on shares of Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Canaccord Genuity Group increased their target price on shares of Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $190.60.

Check Out Our Latest Analysis on GOOGL

Insider Buying and Selling at Alphabet

In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the sale, the chief financial officer now directly owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the sale, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ruth Porat sold 48,077 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the sale, the chief financial officer now directly owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 276,511 shares of company stock valued at $41,234,695. 0.88% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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