Ameliora Wealth Management Ltd. Sells 378 Shares of Alphabet Inc. (NASDAQ:GOOG)

Ameliora Wealth Management Ltd. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,952 shares of the information services provider’s stock after selling 378 shares during the period. Ameliora Wealth Management Ltd.’s holdings in Alphabet were worth $2,086,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOG. BSN CAPITAL PARTNERS Ltd boosted its holdings in Alphabet by 189.8% during the 4th quarter. BSN CAPITAL PARTNERS Ltd now owns 300,000 shares of the information services provider’s stock worth $57,045,000 after acquiring an additional 196,470 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Alphabet by 4.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 688,178 shares of the information services provider’s stock worth $131,057,000 after purchasing an additional 29,831 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Alphabet by 80.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,251,611 shares of the information services provider’s stock worth $238,370,000 after buying an additional 558,040 shares in the last quarter. Telligent Fund LP purchased a new position in shares of Alphabet in the 4th quarter worth approximately $1,524,000. Finally, RNC Capital Management LLC increased its position in shares of Alphabet by 7.4% during the fourth quarter. RNC Capital Management LLC now owns 80,687 shares of the information services provider’s stock valued at $15,366,000 after acquiring an additional 5,570 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Trading Up 0.6 %

Shares of GOOG opened at $188.20 on Tuesday. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $208.70. The stock has a market cap of $2.30 trillion, a PE ratio of 23.38, a P/E/G ratio of 1.39 and a beta of 1.00. The company has a quick ratio of 1.95, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $193.12 and its 200-day moving average price is $176.14.

Alphabet (NASDAQ:GOOG) last posted 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 net margin of 28.60% and a return on equity of 32.49%. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,529 shares of company stock worth $16,600,078 in the last ninety days. 12.99% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on GOOG shares. Wedbush restated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Canaccord Genuity Group raised their price objective on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Pivotal Research increased their price objective on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

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.