Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,250 shares of the information services provider’s stock after selling 331 shares during the quarter. Integrated Advisors Network LLC’s holdings in Alphabet were worth $4,999,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GOOG. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Alphabet in the fourth quarter valued at approximately $27,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet in the fourth quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC acquired a new stake in Alphabet in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Needham & Company LLC cut shares of Alphabet from a “buy” rating to a “cautious” rating in a report on Friday, May 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Scotiabank cut their price objective on shares of Alphabet from $232.00 to $200.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Finally, Westpark Capital reissued a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $203.94.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 11,764 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the sale, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. The trade was a 19.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,654 shares of company stock worth $26,793,380 in the last three months. Insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $169.59 on Friday. The firm’s fifty day moving average price is $160.47 and its 200 day moving average price is $176.60. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $2.06 trillion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data 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. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same period last year, the firm posted $1.89 EPS. Alphabet’s quarterly revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed 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. This represents a $0.84 dividend on an annualized basis and a yield of 0.50%. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is 9.36%.

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.