Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 7.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 316,333 shares of the information services provider’s stock after selling 24,117 shares during the period. Alphabet accounts for about 1.5% of Martingale Asset Management L P’s portfolio, making the stock its largest holding. Martingale Asset Management L P’s holdings in Alphabet were worth $59,882,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Compass Planning Associates Inc bought a new position in shares of Alphabet during the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after acquiring an additional 166 shares during the period. Fiduciary Advisors Inc. acquired a new position in Alphabet in the 4th quarter valued at $39,000. PayPay Securities Corp raised its holdings in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $53,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 1.2 %

Shares of GOOGL stock opened at $159.07 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a 50-day simple moving average of $167.87 and a two-hundred day simple moving average of $176.28.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. Research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors 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 payout ratio is currently 9.94%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GOOGL. Bank of America reaffirmed a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Monday, December 23rd. Piper Sandler dropped their target price on shares of Alphabet from $208.00 to $185.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced their price target on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Citigroup lowered their price objective on shares of Alphabet from $229.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Mizuho decreased their price target on Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $205.49.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the completion of the transaction, the director now owns 7,613 shares in the company, valued at $1,232,544.70. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,497 shares of company stock worth $20,837,150. Insiders own 11.55% of the company’s stock.

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.