Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Kades & Cheifetz LLC

Kades & Cheifetz LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 27.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,351 shares of the information services provider’s stock after selling 901 shares during the period. Kades & Cheifetz LLC’s holdings in Alphabet were worth $445,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GOOGL. Accelerate Investment Advisors LLC lifted its stake in Alphabet by 3.3% in the fourth quarter. Accelerate Investment Advisors LLC now owns 2,736 shares of the information services provider’s stock worth $518,000 after acquiring an additional 87 shares during the last quarter. Cooper Financial Group raised its holdings in shares of Alphabet by 9.6% in the 4th quarter. Cooper Financial Group now owns 68,368 shares of the information services provider’s stock valued at $12,942,000 after purchasing an additional 5,988 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Alphabet by 9.7% in the 4th quarter. Wedmont Private Capital now owns 85,992 shares of the information services provider’s stock valued at $16,514,000 after purchasing an additional 7,602 shares in the last quarter. QV Investors Inc. lifted its position in shares of Alphabet by 21.6% during the 4th quarter. QV Investors Inc. now owns 85,280 shares of the information services provider’s stock worth $16,144,000 after purchasing an additional 15,160 shares during the last quarter. Finally, Agate Pass Investment Management LLC grew its stake in shares of Alphabet by 7.1% during the fourth quarter. Agate Pass Investment Management LLC now owns 47,968 shares of the information services provider’s stock worth $9,080,000 after purchasing an additional 3,163 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,053 shares of company stock worth $27,559,701. 11.55% of the stock is owned by insiders.

Alphabet Trading Down 0.5 %

Shares of GOOGL stock opened at $191.01 on Tuesday. The stock has a market cap of $2.34 trillion, a P/E ratio of 25.33, a P/E/G ratio of 1.35 and a beta of 0.98. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $201.42. The business has a fifty day simple moving average of $183.05 and a 200-day simple moving average of $172.99.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same period last year, the firm posted $1.55 EPS. On average, analysts forecast that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is currently 10.61%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GOOGL. JMP Securities restated a “market perform” rating on shares of Alphabet in a research note on Friday. Pivotal Research boosted their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Truist Financial increased their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Roth Mkm upped their target price on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus boosted their price target on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $208.15.

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.