Dana Investment Advisors Inc. Sells 2,282 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Dana Investment Advisors Inc. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 361,349 shares of the information services provider’s stock after selling 2,282 shares during the period. Alphabet comprises approximately 2.3% of Dana Investment Advisors Inc.’s holdings, making the stock its 4th largest position. Dana Investment Advisors Inc.’s holdings in Alphabet were worth $68,403,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GOOGL. Compass Planning Associates Inc bought a new position in shares of Alphabet during the 4th quarter valued at about $30,000. LMR Partners LLP bought a new position in shares of Alphabet during the 3rd quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Alphabet during the 4th quarter valued at about $39,000. Finally, PayPay Securities Corp boosted its position in shares of Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 2.2 %

NASDAQ:GOOGL opened at $160.67 on Wednesday. Alphabet Inc. has a 12 month low of $146.08 and a 12 month high of $207.05. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $184.35 and its 200-day moving average is $176.56.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. Alphabet’s payout ratio is 9.94%.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,368 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $3,961,445.55. The trade was a 6.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,048 shares of company stock worth $17,374,274. Insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. KeyCorp decreased their target price on shares of Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday. Wells Fargo & Company raised their target price on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. DA Davidson raised their target price on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Finally, Cantor Fitzgerald decreased their target price on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $210.03.

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.