WPWealth LLP Sells 76 Shares of Alphabet Inc. (NASDAQ:GOOG)

WPWealth LLP decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,774 shares of the information services provider’s stock after selling 76 shares during the period. WPWealth LLP’s holdings in Alphabet were worth $338,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC raised its holdings in shares of Alphabet by 6.8% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock valued at $3,094,000 after acquiring an additional 1,041 shares in the last quarter. North Forty Two & Co. bought a new position in Alphabet in the 4th quarter worth $281,000. SageView Advisory Group LLC lifted its position in shares of Alphabet by 140.6% in the 4th quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider’s stock worth $2,806,000 after purchasing an additional 8,610 shares during the period. Requisite Capital Management LLC purchased a new stake in shares of Alphabet in the 4th quarter worth about $927,000. Finally, Nordea Investment Management AB boosted its stake in shares of Alphabet by 10.9% during the 4th quarter. Nordea Investment Management AB now owns 7,184,399 shares of the information services provider’s stock valued at $1,384,039,000 after purchasing an additional 704,875 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 1.4 %

Shares of GOOG stock opened at $153.36 on Monday. The stock has a market cap of $1.87 trillion, a P/E ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.04. The company’s fifty day simple moving average is $167.16 and its two-hundred day simple moving average is $177.62. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70.

Alphabet (NASDAQ:GOOG) last released its quarterly 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 return on equity of 32.49% and a net margin of 28.60%. Analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Analysts Set New Price Targets

GOOG has been the topic of several research reports. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. UBS Group decreased their price objective on Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Rosenblatt Securities reaffirmed a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Westpark Capital started coverage on shares of Alphabet in a research report on Tuesday, April 1st. They set a “buy” rating and a $210.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $210.88.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,685,196 shares of the company’s stock, valued at $419,320,207.36. The trade was a 1.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,163 shares of company stock worth $25,361,647. 12.99% of the stock is currently owned by insiders.

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.