Insigneo Advisory Services LLC Sells 7,205 Shares of Alphabet Inc. (NASDAQ:GOOG)

Insigneo Advisory Services LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,666 shares of the information services provider’s stock after selling 7,205 shares during the period. Alphabet makes up about 1.1% of Insigneo Advisory Services LLC’s portfolio, making the stock its 14th largest holding. Insigneo Advisory Services LLC’s holdings in Alphabet were worth $10,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GOOG. Main Street Financial Solutions LLC increased its position in shares of Alphabet by 6.9% in the fourth quarter. Main Street Financial Solutions LLC now owns 24,520 shares of the information services provider’s stock worth $4,669,000 after purchasing an additional 1,576 shares during the period. Lifelong Wealth Advisors Inc. bought a new position in Alphabet in the 4th quarter valued at about $244,000. Acorns Advisers LLC raised its position in shares of Alphabet by 9.7% in the 4th quarter. Acorns Advisers LLC now owns 5,783 shares of the information services provider’s stock valued at $1,101,000 after buying an additional 512 shares in the last quarter. Regal Investment Advisors LLC lifted its holdings in shares of Alphabet by 2.8% during the 4th quarter. Regal Investment Advisors LLC now owns 37,764 shares of the information services provider’s stock worth $7,192,000 after acquiring an additional 1,035 shares during the period. Finally, Integrity Wealth Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $8,659,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

GOOG stock opened at $158.68 on Wednesday. The firm has a market cap of $1.93 trillion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $169.17 and a 200-day moving average price of $177.83. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,663 shares of company stock valued at $20,286,447. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on GOOG. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. UBS Group lowered their target price on Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Westpark Capital initiated coverage on shares of Alphabet in a research note on Tuesday, April 1st. They issued a “buy” rating and a $210.00 price target on the stock. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $208.71.

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.