Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by CV Advisors LLC

CV Advisors LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,996 shares of the information services provider’s stock after selling 664 shares during the period. Alphabet comprises about 3.5% of CV Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. CV Advisors LLC’s holdings in Alphabet were worth $5,168,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cambridge Advisors Inc. lifted its stake in shares of Alphabet by 0.8% in the 3rd quarter. Cambridge Advisors Inc. now owns 9,733 shares of the information services provider’s stock valued at $1,274,000 after purchasing an additional 75 shares during the last quarter. Strategic Blueprint LLC raised its holdings in Alphabet by 23.3% in the 3rd quarter. Strategic Blueprint LLC now owns 75,244 shares of the information services provider’s stock worth $9,846,000 after acquiring an additional 14,225 shares during the period. Richelieu Gestion SA raised its holdings in Alphabet by 76.7% in the 3rd quarter. Richelieu Gestion SA now owns 36,380 shares of the information services provider’s stock worth $4,761,000 after acquiring an additional 15,791 shares during the period. Hanlon Investment Management Inc. raised its holdings in Alphabet by 5.6% in the 3rd quarter. Hanlon Investment Management Inc. now owns 3,190 shares of the information services provider’s stock worth $417,000 after acquiring an additional 170 shares during the period. Finally, Marion Wealth Management raised its holdings in Alphabet by 6.9% in the 3rd quarter. Marion Wealth Management now owns 22,612 shares of the information services provider’s stock worth $2,959,000 after acquiring an additional 1,456 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares in the company, valued at $3,903,886.98. The disclosure for this sale can be found here. Insiders sold a total of 275,129 shares of company stock worth $40,382,765 over the last quarter. 0.88% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Needham & Company LLC lifted their target price on shares of Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Loop Capital lifted their target price on shares of Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Wednesday. BMO Capital Markets lifted their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Rosenblatt Securities lifted their target price on shares of Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada lifted their target price on shares of Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $190.60.

Alphabet Trading Up 0.7 %

GOOGL opened at $163.86 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. The company has a market cap of $2.04 trillion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.29 and a beta of 1.05. The firm has a 50 day simple moving average of $149.22 and a 200 day simple moving average of $141.95. Alphabet Inc. has a fifty-two week low of $103.71 and a fifty-two week high of $174.71.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 7.49 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Monday, June 10th.

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.