Seizert Capital Partners LLC Sells 16,886 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Seizert Capital Partners LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 133,750 shares of the information services provider’s stock after selling 16,886 shares during the period. Seizert Capital Partners LLC’s holdings in Alphabet were worth $18,684,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet in the 4th quarter worth approximately $38,000. Meritage Group LP grew its holdings in Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the last quarter. Armor Investment Advisors LLC increased its position in shares of Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares in the last quarter. IAG Wealth Partners LLC lifted its holdings in shares of Alphabet by 55.9% during the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 123 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Alphabet in the 4th quarter worth $55,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the transaction, the director now owns 9,291 shares of the company’s stock, valued at $1,296,187.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director John L. Hennessy sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total value of $41,853.00. Following the transaction, the director now directly owns 9,291 shares in the company, valued at $1,296,187.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 48,076 shares of Alphabet stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total value of $6,836,407.20. Following the completion of the sale, the insider now owns 12,725 shares in the company, valued at approximately $1,809,495. The disclosure for this sale can be found here. In the last quarter, insiders sold 276,511 shares of company stock valued at $41,234,695. Corporate insiders own 0.88% of the company’s stock.

Alphabet Trading Up 1.1 %

Shares of Alphabet stock 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 firm’s 50-day moving average price is $157.22 and its 200 day moving average price is $145.16. 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 firm has a market capitalization of $2.18 trillion, a PE ratio of 27.00, a P/E/G ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same period in the previous year, the company posted $1.17 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 7.56 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, June 10th.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GOOGL shares. Royal Bank of Canada raised their price target on Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. JPMorgan Chase & Co. lifted 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. Wedbush boosted their target price on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Citigroup raised their price target on shares of Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Loop Capital boosted their price objective on shares of Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.60.

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About Alphabet

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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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