Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC cut its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,980 shares of the information services provider’s stock after selling 787 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Alphabet were worth $5,865,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ridgewood Investments LLC raised its stake in Alphabet by 3.0% during the 4th quarter. Ridgewood Investments LLC now owns 25,605 shares of the information services provider’s stock worth $4,847,000 after acquiring an additional 750 shares in the last quarter. ORG Partners LLC raised its position in Alphabet by 6.7% in the 4th quarter. ORG Partners LLC now owns 9,620 shares of the information services provider’s stock valued at $1,822,000 after purchasing an additional 602 shares during the last quarter. Baker Tilly Wealth Management LLC grew its position in Alphabet by 4.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 24,190 shares of the information services provider’s stock worth $4,579,000 after purchasing an additional 1,058 shares during the last quarter. CJM Wealth Advisers Ltd. increased its stake in Alphabet by 3.0% in the fourth quarter. CJM Wealth Advisers Ltd. now owns 4,774 shares of the information services provider’s stock valued at $904,000 after purchasing an additional 140 shares during the period. Finally, Fortitude Family Office LLC grew its holdings in shares of Alphabet by 2.8% during the fourth quarter. Fortitude Family Office LLC now owns 9,171 shares of the information services provider’s stock worth $1,736,000 after buying an additional 249 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of Alphabet stock traded down $1.63 on Friday, reaching $192.32. 12,370,503 shares of the company were exchanged, compared to its average volume of 21,937,000. The firm has a market cap of $2.35 trillion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 1.35 and a beta of 0.98. The company’s 50-day moving average is $182.20 and its two-hundred day moving average is $173.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the previous year, the business posted $1.55 EPS. As a group, research analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. The trade was a 27.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total transaction of $473,929.82. Following the sale, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at $4,406,343.27. This trade represents a 9.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 155,887 shares of company stock worth $27,996,356 over the last three months. Corporate insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Thursday, December 12th. Scotiabank raised Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Wedbush boosted their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.08.

Read Our Latest Report on GOOGL

Alphabet 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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