Bridgewater Advisors Inc. Sells 380 Shares of Alphabet Inc. (NASDAQ:GOOG)

Bridgewater Advisors Inc. decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,399 shares of the information services provider’s stock after selling 380 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Alphabet were worth $7,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AMI Investment Management Inc. grew its stake in shares of Alphabet by 2.9% during the fourth quarter. AMI Investment Management Inc. now owns 45,467 shares of the information services provider’s stock valued at $8,659,000 after purchasing an additional 1,274 shares during the last quarter. BlueSky Wealth Advisors LLC lifted its holdings in Alphabet by 2.4% during the 4th quarter. BlueSky Wealth Advisors LLC now owns 31,063 shares of the information services provider’s stock worth $5,916,000 after buying an additional 726 shares in the last quarter. Strong Tower Advisory Services boosted its position in Alphabet by 3.1% in the 4th quarter. Strong Tower Advisory Services now owns 3,383 shares of the information services provider’s stock valued at $644,000 after buying an additional 103 shares during the last quarter. Wealth Management Partners LLC increased its stake in shares of Alphabet by 0.6% in the 4th quarter. Wealth Management Partners LLC now owns 18,946 shares of the information services provider’s stock valued at $3,608,000 after buying an additional 115 shares during the period. Finally, Community Bank of Raymore raised its position in shares of Alphabet by 106.4% during the fourth quarter. Community Bank of Raymore now owns 4,809 shares of the information services provider’s stock worth $916,000 after acquiring an additional 2,479 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 441 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the transaction, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. This represents a 2.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now directly owns 17,847 shares in the company, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock valued at $24,368,654 over the last 90 days. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Up 1.1 %

GOOG opened at $199.63 on Wednesday. The stock has a market capitalization of $2.44 trillion, a P/E ratio of 26.48, a P/E/G ratio of 1.25 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $203.84. The firm’s fifty day simple moving average is $186.23 and its 200 day simple moving average is $174.83.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. Alphabet’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, research analysts anticipate that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Analysts Set New Price Targets

Several research firms recently issued reports on GOOG. Scotiabank began coverage on Alphabet in a report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price target on the stock. Barclays increased their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Citigroup upped their target price on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer upped their price objective on Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

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.