Semus Wealth Partners LLC Sells 251 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Semus Wealth Partners LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,684 shares of the information services provider’s stock after selling 251 shares during the period. Alphabet makes up 2.7% of Semus Wealth Partners LLC’s investment portfolio, making the stock its 8th biggest position. Semus Wealth Partners LLC’s holdings in Alphabet were worth $4,105,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Convergence Investment Partners LLC boosted its position in Alphabet by 39.7% in the fourth quarter. Convergence Investment Partners LLC now owns 60,806 shares of the information services provider’s stock valued at $11,511,000 after buying an additional 17,293 shares in the last quarter. Allied Investment Advisors LLC lifted its holdings in shares of Alphabet by 28.6% during the fourth quarter. Allied Investment Advisors LLC now owns 3,600 shares of the information services provider’s stock worth $681,000 after purchasing an additional 800 shares during the period. Atlas Legacy Advisors LLC acquired a new position in shares of Alphabet during the fourth quarter worth $1,079,000. Bank of Jackson Hole Trust acquired a new position in shares of Alphabet during the fourth quarter worth $3,468,000. Finally, Klingman & Associates LLC lifted its holdings in shares of Alphabet by 7.6% during the fourth quarter. Klingman & Associates LLC now owns 19,145 shares of the information services provider’s stock worth $3,624,000 after purchasing an additional 1,348 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 1.9 %

Shares of GOOGL stock opened at $167.01 on Tuesday. 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. The company has a 50-day simple moving average of $190.02 and a two-hundred day simple moving average of $176.35. The company has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.34 and a beta of 0.99.

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

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wolfe Research lifted their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Loop Capital lifted their price target on shares of Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Wedbush lifted their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. JPMorgan Chase & Co. cut their price target on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Morgan Stanley dropped their target price on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Ten equities research 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 company’s stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $210.62.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the sale, the insider now directly owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,316 shares of company stock valued at $25,062,887. Corporate insiders own 11.55% of the company’s stock.

Alphabet Company Profile

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.