Alphabet Inc. (NASDAQ:GOOG) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,477 shares of the information services provider’s stock after selling 1,674 shares during the quarter. TD Private Client Wealth LLC’s holdings in Alphabet were worth $6,375,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Alphabet by 2.5% in the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock valued at $1,843,149,000 after buying an additional 264,962 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Alphabet by 7.2% in the third quarter. Advisors Asset Management Inc. now owns 13,526 shares of the information services provider’s stock valued at $2,261,000 after buying an additional 909 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Alphabet by 1.0% in the third quarter. Citizens Financial Group Inc. RI now owns 210,657 shares of the information services provider’s stock valued at $35,220,000 after buying an additional 2,151 shares during the last quarter. Cornerstone Advisors LLC raised its position in shares of Alphabet by 0.6% in the third quarter. Cornerstone Advisors LLC now owns 591,000 shares of the information services provider’s stock valued at $98,809,000 after buying an additional 3,600 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Alphabet by 26.5% in the third quarter. Intech Investment Management LLC now owns 821,450 shares of the information services provider’s stock valued at $137,338,000 after buying an additional 172,077 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of GOOG stock opened at $165.05 on Friday. The company has a market capitalization of $2.01 trillion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The firm has a fifty day simple moving average of $184.91 and a 200-day simple moving average of $177.93. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a twelve month low of $148.01 and a twelve month high of $208.70.

Alphabet (NASDAQ:GOOG) last announced 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 net margin of 28.60% and a return on equity of 32.49%. Equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insider Buying and Selling at Alphabet

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 in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock worth $17,374,274 in the last ninety days. 12.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GOOG shares. Rosenblatt Securities reissued a “neutral” rating on shares of Alphabet in a research report on Wednesday. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a research report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $209.13.

About Alphabet

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.