FSA Wealth Management LLC Has $603,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

FSA Wealth Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,183 shares of the information services provider’s stock after selling 368 shares during the period. Alphabet makes up approximately 0.2% of FSA Wealth Management LLC’s holdings, making the stock its 26th biggest holding. FSA Wealth Management LLC’s holdings in Alphabet were worth $603,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Anomaly Capital Management LP increased its position in shares of Alphabet by 34.5% in the 4th quarter. Anomaly Capital Management LP now owns 516,837 shares of the information services provider’s stock valued at $97,837,000 after buying an additional 132,490 shares in the last quarter. SIH Partners LLLP acquired a new position in Alphabet in the fourth quarter valued at about $684,000. Grafton Street Partners Fund LP increased its holdings in shares of Alphabet by 11.5% in the fourth quarter. Grafton Street Partners Fund LP now owns 114,773 shares of the information services provider’s stock worth $21,727,000 after acquiring an additional 11,800 shares in the last quarter. Beacon Investment Advisors LLC raised its position in shares of Alphabet by 1.0% during the fourth quarter. Beacon Investment Advisors LLC now owns 9,466 shares of the information services provider’s stock worth $1,792,000 after purchasing an additional 94 shares during the period. Finally, Fayez Sarofim & Co lifted its holdings in shares of Alphabet by 20.7% during the 4th quarter. Fayez Sarofim & Co now owns 86,289 shares of the information services provider’s stock valued at $16,335,000 after purchasing an additional 14,810 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 2.6 %

Shares of Alphabet stock opened at $151.47 on Wednesday. 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 firm has a 50-day moving average of $163.72 and a 200-day moving average of $175.61. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The stock has a market cap of $1.85 trillion, a PE ratio of 18.82, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.53%. Alphabet’s dividend payout ratio is presently 9.94%.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares in the company, valued at $50,376,238.74. The trade was a 9.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total value of $5,075,200.00. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 148,163 shares of company stock worth $25,361,647. 11.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GOOGL shares. JPMorgan Chase & Co. dropped their target price on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus raised their price objective on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Wedbush set a $190.00 target price on shares of Alphabet and gave the stock an “outperform” rating in a research note on Tuesday, April 15th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, DZ Bank cut Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $200.74.

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.