One Capital Management LLC Sells 3,299 Shares of Alphabet Inc. (NASDAQ:GOOGL)

One Capital Management LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 8.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,761 shares of the information services provider’s stock after selling 3,299 shares during the period. One Capital Management LLC’s holdings in Alphabet were worth $6,770,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Pettinga Financial Advisors LLC grew its stake in shares of Alphabet by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock worth $363,000 after buying an additional 201 shares during the last quarter. Impax Asset Management Group plc grew its stake in shares of Alphabet by 6.8% in the 3rd quarter. Impax Asset Management Group plc now owns 728,575 shares of the information services provider’s stock worth $120,834,000 after buying an additional 46,677 shares during the last quarter. Heritage Investors Management Corp grew its stake in shares of Alphabet by 0.5% in the 3rd quarter. Heritage Investors Management Corp now owns 420,235 shares of the information services provider’s stock worth $69,695,000 after buying an additional 2,101 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its stake in shares of Alphabet by 13.2% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 28,263 shares of the information services provider’s stock worth $4,687,000 after buying an additional 3,300 shares during the last quarter. Finally, Crestwood Advisors Group LLC grew its stake in shares of Alphabet by 3.3% in the 3rd quarter. Crestwood Advisors Group LLC now owns 760,173 shares of the information services provider’s stock worth $126,073,000 after buying an additional 24,147 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GOOGL. DZ Bank downgraded Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a research note on Thursday, February 6th. Piper Sandler cut their price target on Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus increased their target price on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their target price on Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, KeyCorp cut their target price on Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.03.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the transaction, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. This trade represents a 9.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,368 shares of Alphabet stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock worth $17,374,274 over the last 90 days. Corporate insiders own 11.55% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOGL opened at $160.67 on Wednesday. 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 business’s 50-day simple moving average is $184.35 and its two-hundred day simple moving average is $176.56. The stock has a market cap of $1.96 trillion, a PE ratio of 19.96, a P/E/G ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 52 week low of $146.08 and a 52 week high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, analysts forecast 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.50%. Alphabet’s payout ratio is 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.