Vienna Asset Management LLC Sells 2,244 Shares of Alphabet Inc. (NASDAQ:GOOG)

Vienna Asset Management LLC cut its stake in Alphabet Inc. (NASDAQ:GOOG) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,953 shares of the information services provider’s stock after selling 2,244 shares during the period. Alphabet accounts for about 3.0% of Vienna Asset Management LLC’s investment portfolio, making the stock its 11th biggest position. Vienna Asset Management LLC’s holdings in Alphabet were worth $4,371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Sphera Management Technology Funds Ltd bought a new position in shares of Alphabet in the fourth quarter worth about $8,870,000. Visionary Wealth Advisors grew its position in shares of Alphabet by 6.0% during the 4th quarter. Visionary Wealth Advisors now owns 19,086 shares of the information services provider’s stock worth $3,635,000 after buying an additional 1,075 shares during the period. Waters Parkerson & CO. LLC grew its position in shares of Alphabet by 1.1% during the 4th quarter. Waters Parkerson & CO. LLC now owns 23,235 shares of the information services provider’s stock worth $4,425,000 after buying an additional 261 shares during the period. St. Clair Advisors LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $3,354,000. Finally, Triglav Skladi D.O.O. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $16,157,000. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,824 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total value of $529,302.32. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at $2,815,948.32. This trade represents a 15.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now directly owns 43,111 shares of the company’s stock, valued at approximately $7,997,521.61. This trade represents a 29.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,324 shares of company stock valued at $30,153,353. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $167.43 on Monday. The stock has a market capitalization of $2.03 trillion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The firm has a fifty day simple moving average of $160.19 and a 200 day simple moving average of $176.77. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. The business had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 earnings per share. Research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.50%. This is an increase from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Analyst Upgrades and Downgrades

GOOG has been the subject of several analyst reports. UBS Group lowered their price target on shares of Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Susquehanna reiterated a “positive” rating on shares of Alphabet in a research report on Friday, May 2nd. Tigress Financial reiterated a “strong-buy” rating on shares of Alphabet in a research report on Friday, May 2nd. KeyCorp lowered their price target on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Finally, Rosenblatt Securities upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $203.94.

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.