Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Lee Financial Co

Lee Financial Co lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,040 shares of the information services provider’s stock after selling 228 shares during the period. Lee Financial Co’s holdings in Alphabet were worth $1,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Kuhn & Co Investment Counsel grew its stake in Alphabet by 3.2% during the 4th quarter. Kuhn & Co Investment Counsel now owns 5,548 shares of the information services provider’s stock valued at $1,050,000 after purchasing an additional 173 shares in the last quarter. MN Wealth Advisors LLC boosted its stake in Alphabet by 4.3% during the fourth quarter. MN Wealth Advisors LLC now owns 8,127 shares of the information services provider’s stock valued at $1,539,000 after buying an additional 336 shares in the last quarter. Secured Retirement Advisors LLC lifted its stake in Alphabet by 22.9% during the fourth quarter. Secured Retirement Advisors LLC now owns 15,460 shares of the information services provider’s stock valued at $2,927,000 after purchasing an additional 2,879 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Alphabet by 17.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 8,615 shares of the information services provider’s stock worth $1,631,000 after acquiring an additional 1,297 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Alphabet by 16.3% during the fourth quarter. Allworth Financial LP now owns 183,146 shares of the information services provider’s stock valued at $36,331,000 after buying an additional 25,681 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,188 shares of company stock worth $25,036,883 over the last quarter. 11.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GOOGL. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Alphabet in a research note on Wednesday, February 5th. Wells Fargo & Company upped their price target on Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Cantor Fitzgerald cut their target price on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Finally, Morgan Stanley cut their price target on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Ten 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Alphabet Stock Performance

Alphabet stock opened at $168.27 on Friday. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $207.05. The company’s 50-day moving average is $191.00 and its two-hundred day moving average is $176.06. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.05 trillion, a PE ratio of 20.90, a PEG ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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 analysts anticipate 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 will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

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.