V2 Financial group LLC Decreases Stake in Alphabet Inc. (NASDAQ:GOOGL)

V2 Financial group LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,600 shares of the information services provider’s stock after selling 200 shares during the period. Alphabet accounts for 0.8% of V2 Financial group LLC’s investment portfolio, making the stock its 21st biggest holding. V2 Financial group LLC’s holdings in Alphabet were worth $1,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orca Investment Management LLC increased its stake in shares of Alphabet by 2.1% during the 3rd quarter. Orca Investment Management LLC now owns 17,888 shares of the information services provider’s stock worth $2,967,000 after purchasing an additional 366 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Alphabet by 14.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,509 shares of the information services provider’s stock worth $1,743,000 after purchasing an additional 1,288 shares during the last quarter. Accelerate Investment Advisors LLC purchased a new stake in shares of Alphabet during the 3rd quarter worth approximately $439,000. Procyon Advisors LLC increased its stake in shares of Alphabet by 13.5% during the 3rd quarter. Procyon Advisors LLC now owns 147,294 shares of the information services provider’s stock worth $24,418,000 after purchasing an additional 17,465 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Alphabet during the 3rd quarter worth approximately $464,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,919 shares of company stock worth $18,528,318. Corporate insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $210.00 price target on shares of Alphabet in a research note on Thursday, December 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $217.00 price objective (up from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Wedbush raised their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Sanford C. Bernstein raised their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Finally, Roth Mkm raised their price objective on shares of Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

Alphabet Trading Up 0.8 %

Shares of NASDAQ GOOGL opened at $185.19 on Thursday. The firm’s 50 day moving average price is $192.81 and its 200-day moving average price is $175.49. The company has a market cap of $2.26 trillion, a PE ratio of 23.01, a P/E/G ratio of 1.35 and a beta of 0.99. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. Alphabet’s dividend payout ratio is presently 9.94%.

About Alphabet

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.