Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by White Pine Capital LLC

White Pine Capital LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,797 shares of the information services provider’s stock after selling 946 shares during the period. Alphabet makes up about 1.6% of White Pine Capital LLC’s holdings, making the stock its 7th largest position. White Pine Capital LLC’s holdings in Alphabet were worth $4,883,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Trust Point Inc. raised its position in shares of Alphabet by 1.6% during the 3rd quarter. Trust Point Inc. now owns 52,019 shares of the information services provider’s stock worth $8,627,000 after purchasing an additional 840 shares during the last quarter. Intergy Private Wealth LLC increased its stake in shares of Alphabet by 11.4% during the 3rd quarter. Intergy Private Wealth LLC now owns 2,270 shares of the information services provider’s stock valued at $376,000 after acquiring an additional 233 shares during the last quarter. Inspire Advisors LLC boosted its holdings in Alphabet by 10.1% in the third quarter. Inspire Advisors LLC now owns 2,857 shares of the information services provider’s stock valued at $474,000 after acquiring an additional 262 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in Alphabet by 4.8% during the third quarter. Stratos Wealth Partners LTD. now owns 334,330 shares of the information services provider’s stock valued at $55,449,000 after buying an additional 15,320 shares in the last quarter. Finally, Stratos Wealth Advisors LLC lifted its position in Alphabet by 2.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 69,788 shares of the information services provider’s stock worth $11,574,000 after acquiring an additional 1,361 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the sale, the director now owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,299 shares of company stock valued at $25,055,751. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 2.1 %

Shares of Alphabet stock opened at $175.42 on Wednesday. The business has a fifty day simple moving average of $191.72 and a 200-day simple moving average of $176.14. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The firm has a market cap of $2.14 trillion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet’s payout ratio is presently 9.94%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a research report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Alphabet in a report on Wednesday, February 5th. KeyCorp boosted their target price on shares of Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Finally, Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.62.

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.