Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 5.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 32,099 shares of the information services provider’s stock after selling 1,822 shares during the period. Alphabet accounts for 2.3% of Transatlantique Private Wealth LLC’s investment portfolio, making the stock its 5th largest holding. Transatlantique Private Wealth LLC’s holdings in Alphabet were worth $6,079,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in shares of Alphabet by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after purchasing an additional 337,031 shares in the last quarter. Passumpsic Savings Bank increased its position in shares of Alphabet by 38.0% in the third quarter. Passumpsic Savings Bank now owns 4,700 shares of the information services provider’s stock worth $779,000 after acquiring an additional 1,294 shares in the last quarter. SOA Wealth Advisors LLC. lifted its holdings in shares of Alphabet by 0.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 37,379 shares of the information services provider’s stock valued at $6,199,000 after acquiring an additional 202 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Alphabet by 6.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,306 shares of the information services provider’s stock worth $382,000 after purchasing an additional 130 shares in the last quarter. Finally, Te Ahumairangi Investment Management Ltd grew its stake in shares of Alphabet by 19.2% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 137,669 shares of the information services provider’s stock valued at $22,703,000 after buying an additional 22,169 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 2.3 %

NASDAQ:GOOGL opened at $147.67 on Tuesday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The business has a fifty day moving average of $164.42 and a 200-day moving average of $175.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last issued its quarterly 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%. Equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the completion of the sale, the chief executive officer now owns 2,685,196 shares in the company, valued at approximately $419,320,207.36. This represents a 1.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet 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 completion of the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,163 shares of company stock worth $25,361,647. 11.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GOOGL shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $205.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Wedbush set a $190.00 price objective on shares of Alphabet and gave the stock an “outperform” rating in a report on Tuesday, April 15th. Mizuho dropped their target price on Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Westpark Capital raised Alphabet to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $200.74.

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.