Puzo Michael J Sells 4,907 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Puzo Michael J lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,545 shares of the information services provider’s stock after selling 4,907 shares during the quarter. Alphabet comprises 5.0% of Puzo Michael J’s holdings, making the stock its 2nd biggest position. Puzo Michael J’s holdings in Alphabet were worth $17,897,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Compass Planning Associates Inc bought a new position in shares of Alphabet in the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new position in Alphabet in the 4th quarter valued at about $39,000. PayPay Securities Corp raised its position in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. Finally, Denver PWM LLC lifted its holdings in shares of Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after acquiring an additional 57 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the transaction, the chief accounting officer now directly owns 17,847 shares in the company, valued at approximately $3,468,029.04. This trade represents a 13.70 % decrease in their position. The sale 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 company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares of the company’s stock, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,797 shares of company stock worth $21,089,470. Insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GOOGL shares. DA Davidson lifted their price target on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Citigroup dropped their price objective on shares of Alphabet from $229.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday. Mizuho decreased their target price on shares of Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday. Wells Fargo & Company dropped their price target on Alphabet from $184.00 to $167.00 and set an “equal weight” rating for the company in a research note on Monday, March 31st. Finally, JMP Securities restated a “market perform” rating on shares of Alphabet in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.51.

Alphabet Stock Performance

Shares of GOOGL opened at $157.14 on Friday. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company has a market cap of $1.92 trillion, a PE ratio of 19.52, a P/E/G ratio of 1.34 and a beta of 1.03. The stock has a 50-day moving average of $168.52 and a 200-day moving average of $176.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data 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%. On average, equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

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.