Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.5% during the fourth quarter, Holdings Channel reports. The firm owned 863,403 shares of the information services provider’s stock after selling 80,179 shares during the quarter. Alphabet comprises 4.2% of Trillium Asset Management LLC’s portfolio, making the stock its 4th largest holding. Trillium Asset Management LLC’s holdings in Alphabet were worth $163,442,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GOOGL. Pettinga Financial Advisors LLC increased its stake in shares of Alphabet by 10.1% in the third quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock valued at $363,000 after purchasing an additional 201 shares during the period. Principal Financial Group Inc. grew its holdings in Alphabet by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock worth $1,871,384,000 after buying an additional 337,031 shares in the last quarter. Empirical Finance LLC increased its position in Alphabet by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 213,673 shares of the information services provider’s stock valued at $35,438,000 after acquiring an additional 4,522 shares during the period. Empowered Funds LLC raised its stake in Alphabet by 6.6% during the 3rd quarter. Empowered Funds LLC now owns 224,437 shares of the information services provider’s stock valued at $37,223,000 after acquiring an additional 13,799 shares in the last quarter. Finally, Valley Wealth Managers Inc. boosted its position in Alphabet by 1.7% during the 3rd quarter. Valley Wealth Managers Inc. now owns 141,204 shares of the information services provider’s stock worth $23,419,000 after acquiring an additional 2,426 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 11,764 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the transaction, the insider now owns 49,037 shares of the company’s stock, valued at $8,181,333.08. The trade was a 19.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the sale, the director now owns 272,466 shares in the company, valued at $50,376,238.74. The trade was a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,812 shares of company stock valued at $19,336,979 in the last quarter. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $154.33 on Friday. The firm has a market cap of $1.88 trillion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The business’s 50 day moving average is $179.66 and its 200-day moving average is $176.92. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $147.22 and a 1-year high of $207.05.

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

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Analysts Set New Price Targets

Several equities analysts have commented on GOOGL shares. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. DA Davidson raised their price objective on shares of Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Stifel Nicolaus increased their price target on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Rosenblatt Securities reissued a “neutral” rating and issued a $205.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Finally, KeyCorp cut their price objective on Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Ten 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 stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $210.59.

Alphabet 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.