Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,152,010 shares of the information services provider’s stock after selling 1,855 shares during the quarter. Alphabet comprises about 4.1% of Beck Mack & Oliver LLC’s investment portfolio, making the stock its 4th biggest holding. Beck Mack & Oliver LLC’s holdings in Alphabet were worth $219,389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. FMR LLC lifted its stake in Alphabet by 2.8% during the fourth quarter. FMR LLC now owns 117,991,725 shares of the information services provider’s stock valued at $22,470,344,000 after purchasing an additional 3,189,592 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Alphabet by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider’s stock worth $19,894,651,000 after acquiring an additional 1,219,606 shares in the last quarter. Capital International Investors boosted its stake in shares of Alphabet by 6.7% during the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider’s stock worth $17,376,706,000 after acquiring an additional 5,758,244 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Alphabet by 0.8% in the 4th quarter. Capital Research Global Investors now owns 39,148,500 shares of the information services provider’s stock worth $7,455,571,000 after acquiring an additional 294,556 shares during the last quarter. Finally, Sanders Capital LLC raised its position in shares of Alphabet by 14.5% during the fourth quarter. Sanders Capital LLC now owns 33,504,543 shares of the information services provider’s stock worth $6,380,605,000 after purchasing an additional 4,247,379 shares during the period. Institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GOOG. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Alphabet in a research report 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 price objective on the stock. Wedbush restated an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Finally, KeyCorp decreased their target price on Alphabet from $202.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $210.88.

Alphabet Stock Down 1.4 %

NASDAQ GOOG opened at $153.36 on Friday. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $167.16 and its two-hundred day moving average is $177.47. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued 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 0.52%. Alphabet’s dividend payout ratio is 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the transaction, the director now directly owns 272,466 shares in the company, valued at $50,376,238.74. This trade represents a 9.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,163 shares of company stock worth $25,361,647. 12.99% of the stock is currently owned by insiders.

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.