Twin Capital Management Inc. Has $4.20 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Twin Capital Management Inc. reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,056 shares of the information services provider’s stock after selling 311 shares during the period. Twin Capital Management Inc.’s holdings in Alphabet were worth $4,200,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Weiss Asset Management LP bought a new stake in Alphabet in the 3rd quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth about $27,000. WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet during the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Alphabet during the 4th quarter worth about $39,000. Finally, Noble Wealth Management PBC acquired a new position in Alphabet in the 4th quarter valued at about $43,000. Institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the transaction, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the sale, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at $3,468,029.04. This represents a 13.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,797 shares of company stock worth $21,089,470 in the last quarter. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $147.74 on Monday. Alphabet Inc. has a one year low of $143.70 and a one year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market cap of $1.80 trillion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.34 and a beta of 1.04. The firm has a 50 day simple moving average of $177.04 and a 200 day simple moving average of $178.55.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. Research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GOOG. Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a report on Wednesday, March 19th. Wedbush restated an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Westpark Capital assumed coverage on shares of Alphabet in a research report on Tuesday, April 1st. They set a “buy” rating and a $210.00 target price on the stock. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $208.65.

Alphabet 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.