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

Affinity Capital Advisors LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,285 shares of the information services provider’s stock after selling 185 shares during the period. Affinity Capital Advisors LLC’s holdings in Alphabet were worth $838,000 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 company. Quad Cities Investment Group LLC grew its holdings in Alphabet by 3.8% during the 4th quarter. Quad Cities Investment Group LLC now owns 4,331 shares of the information services provider’s stock valued at $820,000 after purchasing an additional 157 shares in the last quarter. Quantum Financial Advisors LLC grew its holdings in Alphabet by 32.3% during the 4th quarter. Quantum Financial Advisors LLC now owns 11,186 shares of the information services provider’s stock valued at $2,117,000 after purchasing an additional 2,734 shares in the last quarter. Ignite Planners LLC grew its holdings in Alphabet by 0.4% during the 4th quarter. Ignite Planners LLC now owns 15,078 shares of the information services provider’s stock valued at $2,892,000 after purchasing an additional 57 shares in the last quarter. David J Yvars Group grew its holdings in Alphabet by 3.9% during the 4th quarter. David J Yvars Group now owns 4,456 shares of the information services provider’s stock worth $843,000 after acquiring an additional 166 shares in the last quarter. Finally, Tlwm grew its holdings in Alphabet by 2.6% during the 4th quarter. Tlwm now owns 11,781 shares of the information services provider’s stock worth $2,230,000 after acquiring an additional 297 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the transaction, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the transaction, the director now directly owns 16,490 shares in the company, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock valued at $24,368,654 over the last ninety days. Corporate insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. The Goldman Sachs Group reissued a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Thursday, December 12th. Evercore ISI raised their price objective on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Scotiabank raised shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $208.15.

Alphabet Stock Up 3.1 %

NASDAQ GOOGL opened at $195.55 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company’s 50 day simple moving average is $183.45 and its 200 day simple moving average is $173.04. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $201.42. The company has a market capitalization of $2.39 trillion, a P/E ratio of 25.94, a PEG ratio of 1.35 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same period in the previous year, the firm earned $1.55 EPS. Equities research analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

About Alphabet

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.