Vigilare Wealth Management Decreases Position in Alphabet Inc. (NASDAQ:GOOG)

Vigilare Wealth Management trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 32.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,917 shares of the information services provider’s stock after selling 901 shares during the quarter. Vigilare Wealth Management’s holdings in Alphabet were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in Alphabet by 0.3% in the 2nd quarter. Parallel Advisors LLC now owns 295,320 shares of the information services provider’s stock worth $54,168,000 after acquiring an additional 927 shares during the last quarter. TMD Wealth Management LLC raised its stake in shares of Alphabet by 0.8% in the second quarter. TMD Wealth Management LLC now owns 11,328 shares of the information services provider’s stock worth $2,078,000 after purchasing an additional 87 shares during the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of Alphabet by 22.9% during the second quarter. Thoroughbred Financial Services LLC now owns 101,423 shares of the information services provider’s stock worth $18,603,000 after purchasing an additional 18,893 shares during the period. Wealthspire Advisors LLC boosted its position in Alphabet by 7.3% in the second quarter. Wealthspire Advisors LLC now owns 140,844 shares of the information services provider’s stock valued at $25,834,000 after buying an additional 9,613 shares during the last quarter. Finally, Stolper Co increased its holdings in Alphabet by 1.8% in the 2nd quarter. Stolper Co now owns 49,756 shares of the information services provider’s stock worth $9,126,000 after buying an additional 902 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several recent research reports. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Oppenheimer increased their price target on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group boosted their price objective on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays raised their target price on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.56.

Get Our Latest Research Report on Alphabet

Alphabet Trading Down 0.5 %

Shares of Alphabet stock opened at $192.29 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $202.88. The firm has a market capitalization of $2.35 trillion, a PE ratio of 25.50, a P/E/G ratio of 1.34 and a beta of 0.99. The firm’s 50-day moving average price is $184.55 and its 200 day moving average price is $174.49.

Alphabet (NASDAQ:GOOGGet Free Report) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter last year, the business posted $1.55 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, sell-side analysts predict that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the transaction, the chief executive officer now directly owns 2,106,806 shares in the company, valued at $350,361,837.80. The trade was a 1.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the sale, the director now owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 153,053 shares of company stock valued at $27,559,701 over the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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