Sand Hill Global Advisors LLC Cuts Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Sand Hill Global Advisors LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,361 shares of the information services provider's stock after selling 3,806 shares during the quarter. Alphabet makes up 1.0% of Sand Hill Global Advisors LLC's holdings, making the stock its 17th largest holding. Sand Hill Global Advisors LLC's holdings in Alphabet were worth $24,109,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GOOGL. Compass Planning Associates Inc bought a new position in shares of Alphabet during the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at $39,000. PayPay Securities Corp increased its position in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Denver PWM LLC raised its stake in Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GOOGL shares. JMP Securities reaffirmed a "market perform" rating on shares of Alphabet in a report on Thursday, April 10th. UBS Group set a $190.00 price target on Alphabet in a research report on Thursday, March 27th. Roth Mkm reiterated a "buy" rating and set a $220.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Westpark Capital upgraded shares of Alphabet to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Mizuho reduced their price objective on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $200.74.

Alphabet Stock Performance

Shares of GOOGL traded down $2.10 during mid-day trading on Thursday, reaching $151.23. The company had a trading volume of 16,088,734 shares, compared to its average volume of 28,208,395. The stock has a 50 day moving average of $166.53 and a two-hundred day moving average of $175.98. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.84 trillion, a P/E ratio of 18.76, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 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%. On average, analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.53%. Alphabet's payout ratio is 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the sale, the director now directly owns 272,466 shares of the company's stock, valued at approximately $50,376,238.74. This trade represents 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 accessible through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value 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 $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,663 shares of company stock valued at $20,286,447. Corporate insiders own 11.55% of the company's stock.

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.