Nicolet Advisory Services LLC Has $3.92 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Nicolet Advisory Services LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.4% during the 4th quarter, Holdings Channel reports. The fund owned 20,289 shares of the information services provider’s stock after selling 80 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Alphabet were worth $3,919,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GOOG. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $27,000. Weiss Asset Management LP bought a new position in Alphabet during the third quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new position in Alphabet in the third quarter valued at about $33,000. WealthTrak Capital Management LLC bought a new stake in shares of Alphabet in the fourth quarter worth about $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet during the fourth quarter worth about $39,000. Institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other news, insider Ruth Porat sold 17,690 shares of the company’s 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 completion of the sale, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares in the company, valued at $4,142,195.20. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,297 shares of company stock worth $15,936,270 in the last ninety days. 12.99% of the stock is owned by company insiders.

Alphabet Price Performance

NASDAQ:GOOG opened at $158.86 on Thursday. 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 firm has a fifty day simple moving average of $179.06 and a 200 day simple moving average of $178.56. Alphabet Inc. has a 1-year low of $148.20 and a 1-year high of $208.70. The stock has a market capitalization of $1.94 trillion, a PE ratio of 19.73, a P/E/G ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, research analysts expect that Alphabet Inc. will post 8.89 EPS 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 given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.50%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GOOG. Westpark Capital assumed coverage on Alphabet in a research report on Tuesday. They issued a “buy” rating and a $210.00 price objective for the company. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $208.65.

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.