Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Investmentaktiengesellschaft Fuer Langfristige Investoren TGV

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 12.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,313,275 shares of the information services provider’s stock after selling 181,225 shares during the quarter. Alphabet comprises approximately 18.5% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s investment portfolio, making the stock its 2nd biggest holding. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in Alphabet were worth $253,055,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cabot Wealth Management Inc. lifted its position in Alphabet by 0.9% in the fourth quarter. Cabot Wealth Management Inc. now owns 122,474 shares of the information services provider’s stock worth $23,324,000 after purchasing an additional 1,119 shares during the period. Stevens Capital Partners acquired a new stake in Alphabet in the fourth quarter worth approximately $240,000. Sigma Investment Counselors Inc. lifted its position in shares of Alphabet by 14.1% during the 4th quarter. Sigma Investment Counselors Inc. now owns 8,203 shares of the information services provider’s stock valued at $1,562,000 after acquiring an additional 1,012 shares during the last quarter. MONECO Advisors LLC lifted its position in shares of Alphabet by 22.5% during the 4th quarter. MONECO Advisors LLC now owns 17,365 shares of the information services provider’s stock valued at $3,307,000 after acquiring an additional 3,192 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC lifted its position in shares of Alphabet by 4.0% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 21,027 shares of the information services provider’s stock valued at $4,004,000 after acquiring an additional 801 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 1.5 %

NASDAQ GOOG opened at $174.70 on Thursday. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $208.70. 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 capitalization of $2.13 trillion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The firm’s fifty day simple moving average is $192.98 and its 200-day simple moving average is $177.64.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the 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 transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,299 shares of company stock valued at $25,055,751 over the last three months. 12.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GOOG shares. Barclays increased their price objective on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Benchmark reiterated a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wedbush reiterated an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group increased their price objective on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet 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.