Transatlantique Private Wealth LLC Sells 1,822 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Transatlantique Private Wealth LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,099 shares of the information services provider’s stock after selling 1,822 shares during the period. Alphabet makes up 2.3% of Transatlantique Private Wealth LLC’s holdings, making the stock its 5th biggest position. Transatlantique Private Wealth LLC’s holdings in Alphabet were worth $6,079,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Compass Planning Associates Inc purchased a new stake in shares of Alphabet in the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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 valued at $37,000 after buying an additional 166 shares during the period. Fiduciary Advisors Inc. acquired a new position in Alphabet in the fourth quarter valued at approximately $39,000. PayPay Securities Corp increased its stake in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Finally, Denver PWM LLC raised its position in Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 57 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 2.3 %

GOOGL stock opened at $147.67 on Tuesday. The stock has a market capitalization of $1.80 trillion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company has a fifty day moving average of $164.42 and a 200-day moving average of $175.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.54%. Alphabet’s dividend payout ratio is presently 9.94%.

Analyst Ratings Changes

Several brokerages have weighed in on GOOGL. Piper Sandler lowered their target price on shares of Alphabet from $208.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Morgan Stanley decreased their price target on Alphabet from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Truist Financial dropped their price objective on Alphabet from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Wedbush set a $190.00 target price on Alphabet and gave the company an “outperform” rating in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company reduced their price target on shares of Alphabet from $184.00 to $167.00 and set an “equal weight” rating on the stock in a research report on Monday, March 31st. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.74.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,163 shares of company stock valued at $25,361,647. Corporate insiders own 11.55% of the company’s stock.

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.