Mountain Capital Investment Advisors Inc. Sells 77 Shares of Alphabet Inc. (NASDAQ:GOOG)

Mountain Capital Investment Advisors Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOG) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,776 shares of the information services provider’s stock after selling 77 shares during the quarter. Mountain Capital Investment Advisors Inc.’s holdings in Alphabet were worth $351,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GOOG. Fiduciary Advisors Inc. bought a new position in shares of Alphabet during the fourth quarter valued at approximately $27,000. WealthTrak Capital Management LLC bought a new stake in Alphabet during the 4th quarter valued at $38,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Alphabet in the 4th quarter valued at $39,000. Noble Wealth Management PBC purchased a new position in shares of Alphabet in the 4th quarter valued at $43,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Alphabet during the 4th quarter worth $43,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the sale, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. This represents a 4.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 17,690 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the transaction, the insider now owns 43,111 shares in the company, valued at approximately $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,797 shares of company stock valued at $21,089,470. 12.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GOOG shares. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Scotiabank upped their price objective on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. KeyCorp dropped their target price on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $207.33.

Alphabet Stock Performance

GOOG opened at $161.06 on Thursday. The firm’s fifty day simple moving average is $172.41 and its two-hundred day simple moving average is $177.97. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.34 and a beta of 1.04. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

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

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

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.