Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP lowered its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,784 shares of the information services provider's stock after selling 20,135 shares during the quarter. Alphabet accounts for 9.7% of Hyperion Capital Advisors LP's holdings, making the stock its 2nd largest holding. Hyperion Capital Advisors LP's holdings in Alphabet were worth $18,812,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $27,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $38,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup reiterated a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. Morgan Stanley reissued an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Needham & Company LLC lowered Alphabet from a "buy" rating to a "cautious" rating in a research note on Friday, May 2nd. Finally, Benchmark reiterated a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $203.94.

Alphabet Price Performance

NASDAQ GOOG traded down $0.30 during trading on Thursday, reaching $166.51. 3,988,473 shares of the company traded hands, compared to its average volume of 19,581,114. 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's 50 day moving average price is $160.21 and its two-hundred day moving average price is $176.79. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the previous year, the business earned $1.89 EPS. Alphabet's revenue was up 12.0% compared to the same quarter last year. As a group, analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is 9.36%.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O'toole sold 2,824 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total value of $529,302.32. Following the completion of the sale, the chief accounting officer now owns 15,024 shares in the company, valued at $2,815,948.32. This represents a 15.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares of the company's stock, valued at approximately $50,376,238.74. This represents a 9.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 179,324 shares of company stock worth $30,153,353. Insiders own 12.99% of the company's stock.

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.