Dixon Fnancial Services Inc. Sells 72 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Dixon Fnancial Services Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,965 shares of the information services provider’s stock after selling 72 shares during the quarter. Alphabet comprises about 0.2% of Dixon Fnancial Services Inc.’s investment portfolio, making the stock its 24th largest position. Dixon Fnancial Services Inc.’s holdings in Alphabet were worth $372,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Schear Investment Advisers LLC lifted its holdings in shares of Alphabet by 17.0% in the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider’s stock worth $5,598,000 after acquiring an additional 4,905 shares during the last quarter. Trinity Financial Advisors LLC boosted its position in shares of Alphabet by 4.5% during the third quarter. Trinity Financial Advisors LLC now owns 4,423 shares of the information services provider’s stock valued at $771,000 after buying an additional 190 shares during the period. Landscape Capital Management L.L.C. grew its stake in shares of Alphabet by 27.9% during the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider’s stock valued at $4,192,000 after buying an additional 5,516 shares during the last quarter. abrdn plc raised its holdings in shares of Alphabet by 10.7% in the third quarter. abrdn plc now owns 6,305,717 shares of the information services provider’s stock worth $1,037,196,000 after buying an additional 611,233 shares during the period. Finally, StoneCrest Wealth Management Inc. lifted its stake in shares of Alphabet by 0.7% during the 3rd quarter. StoneCrest Wealth Management Inc. now owns 21,509 shares of the information services provider’s stock worth $3,567,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 7.3 %

Shares of NASDAQ GOOGL opened at $191.33 on Thursday. The firm has a market cap of $2.34 trillion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 1.31 and a beta of 0.99. The company’s 50-day simple moving average is $190.39 and its 200-day simple moving average is $174.40. 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 52-week low of $130.66 and a 52-week 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 (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Equities analysts predict that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the transaction, the chief executive officer now owns 2,061,806 shares of the company’s stock, valued at approximately $364,259,266.02. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,529 shares of company stock worth $16,600,078. 11.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on GOOGL. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. decreased their price target on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus increased their price objective on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Loop Capital lifted their target price on Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, Citigroup dropped their price target on Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $210.95.

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.