Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Twinbeech Capital LP

Twinbeech Capital LP trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 91.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,183 shares of the information services provider’s stock after selling 380,375 shares during the period. Twinbeech Capital LP’s holdings in Alphabet were worth $6,471,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Triglav Skladi D.O.O. acquired a new stake in shares of Alphabet during the 4th quarter valued at $41,687,000. Texas Bank & Trust Co purchased a new stake in shares of Alphabet in the fourth quarter valued at $6,692,000. Trace Wealth Advisors LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at $1,654,000. Triavera Capital LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at $12,871,000. Finally, State of Wyoming lifted its holdings in shares of Alphabet by 89.4% in the fourth quarter. State of Wyoming now owns 34,589 shares of the information services provider’s stock valued at $6,548,000 after purchasing an additional 16,323 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 1,374 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at approximately $2,606,213.28. This represents a 8.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. The trade was a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,744 shares of company stock valued at $20,968,366 in the last quarter. Company insiders own 11.64% of the company’s stock.

Alphabet Price Performance

GOOGL opened at $166.54 on Tuesday. The company has a fifty day moving average price of $158.20 and a two-hundred day moving average price of $175.00. 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 Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The firm has a market capitalization of $2.02 trillion, a PE ratio of 20.69, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping 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 $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the previous year, the business earned $1.89 EPS. As a group, analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a $0.21 dividend. 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. This represents a $0.84 annualized dividend and a dividend yield of 0.50%. Alphabet’s payout ratio is 9.36%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GOOGL shares. Needham & Company LLC restated a “buy” rating and issued a $178.00 target price on shares of Alphabet in a report on Friday, April 25th. Morgan Stanley dropped their price target on shares of Alphabet from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Citigroup upped their price target on shares of Alphabet from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Truist Financial dropped their price target on shares of Alphabet from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Finally, Bank of America upped their price target on shares of Alphabet from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $199.75.

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.