Sentinel Pension Advisors Inc. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,886 shares of the information services provider’s stock after selling 327 shares during the period. Sentinel Pension Advisors Inc.’s holdings in Alphabet were worth $357,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Lantz Financial LLC boosted its stake in shares of Alphabet by 10.8% during the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after acquiring an additional 452 shares during the last quarter. Spectrum Wealth Advisory Group LLC purchased a new position in Alphabet during the second quarter valued at $218,000. Vance Wealth Inc. grew its holdings in Alphabet by 4.0% during the second quarter. Vance Wealth Inc. now owns 3,089 shares of the information services provider’s stock valued at $563,000 after purchasing an additional 119 shares during the period. JFG Wealth Management LLC increased its position in Alphabet by 14.4% in the second quarter. JFG Wealth Management LLC now owns 2,011 shares of the information services provider’s stock worth $366,000 after buying an additional 253 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. raised its stake in shares of Alphabet by 3.5% in the second quarter. Adell Harriman & Carpenter Inc. now owns 144,068 shares of the information services provider’s stock worth $26,242,000 after buying an additional 4,903 shares during the period. Institutional investors own 40.03% of the company’s stock.
Insider Activity
In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the transaction, the chief executive officer now owns 2,084,306 shares of the company’s stock, valued at approximately $369,672,512.16. This trade represents a 1.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 441 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,553 shares of company stock valued at $23,817,951. Corporate insiders own 11.55% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Report on GOOGL
Alphabet Price Performance
GOOGL opened at $189.66 on Wednesday. The business has a fifty day moving average of $183.45 and a 200 day moving average of $173.04. The stock has a market cap of $2.32 trillion, a P/E ratio of 25.15, a PEG ratio of 1.35 and a beta of 0.98. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period last year, the company earned $1.55 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.01 EPS for the current year.
Alphabet Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.
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.
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