FACT Capital LP Sells 8,849 Shares of Alphabet Inc. (NASDAQ:GOOGL)

FACT Capital LP reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,622 shares of the information services provider’s stock after selling 8,849 shares during the period. Alphabet comprises 8.9% of FACT Capital LP’s portfolio, making the stock its 3rd largest position. FACT Capital LP’s holdings in Alphabet were worth $22,158,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Alphabet in the fourth quarter valued at $30,000. DiNuzzo Private Wealth Inc. acquired a new stake in Alphabet in the fourth quarter valued at $38,000. Meritage Group LP raised 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 valued at $40,000 after acquiring an additional 276 shares in the last quarter. Armor Investment Advisors LLC raised its holdings 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 during the period. Finally, IAG Wealth Partners LLC raised its holdings in shares of Alphabet by 55.9% during the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GOOGL shares. Citigroup increased their target price on shares of Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Mizuho increased their target price on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Jefferies Financial Group increased their target price on shares of Alphabet from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Wells Fargo & Company increased their target price on shares of Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Finally, Wedbush increased their target price on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.26.

Read Our Latest Stock Analysis on Alphabet

Alphabet Trading Up 0.9 %

GOOGL stock traded up $1.52 during mid-day trading on Friday, reaching $176.68. 6,759,649 shares of the stock traded hands, compared to its average volume of 28,909,227. The stock’s fifty day moving average is $167.59 and its 200-day moving average is $150.62. 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 market cap of $2.18 trillion, a P/E ratio of 27.11, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $180.41.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted 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. The business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period in the prior year, the firm earned $1.17 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.45%. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 500 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $149.50, for a total transaction of $74,750.00. Following the transaction, the director now owns 8,791 shares in the company, valued at $1,314,254.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00. Following the sale, the chief executive officer now owns 2,310,191 shares in the company, valued at $343,710,216.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 500 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $149.50, for a total transaction of $74,750.00. Following the completion of the sale, the director now owns 8,791 shares in the company, valued at approximately $1,314,254.50. The disclosure for this sale can be found here. Insiders have sold a total of 158,958 shares of company stock worth $25,805,853 over the last 90 days. Insiders own 11.55% of the company’s stock.

About Alphabet

(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.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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