Capitolis Liquid Global Markets LLC Sells 129,000 Shares of Alphabet Inc. (NASDAQ:GOOG)

Capitolis Liquid Global Markets LLC lessened its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 496,000 shares of the information services provider's stock after selling 129,000 shares during the period. Alphabet comprises about 0.9% of Capitolis Liquid Global Markets LLC's portfolio, making the stock its 25th largest holding. Capitolis Liquid Global Markets LLC's holdings in Alphabet were worth $94,458,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GOOG. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $27,000. LSV Asset Management acquired a new stake in shares of Alphabet during the 4th quarter worth $27,000. WealthTrak Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $38,000. Mountain Hill Investment Partners Corp. bought a new stake in Alphabet during the fourth quarter worth $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet in the 4th quarter valued at $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 2,824 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total transaction of $529,302.32. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares of the company's stock, valued at $2,815,948.32. This represents a 15.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,824 shares of company stock valued at $25,086,603. Corporate insiders own 12.99% of the company's stock.

Alphabet Trading Up 1.9 %

Shares of Alphabet stock traded up $2.95 on Thursday, hitting $155.75. 38,308,957 shares of the company's stock traded hands, compared to its average volume of 19,467,820. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a fifty day moving average of $161.59 and a two-hundred day moving average of $177.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The company had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.89 EPS. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.54%. Alphabet's payout ratio is presently 9.36%.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several recent analyst reports. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Citigroup restated a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $180.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Needham & Company LLC cut Alphabet from a "buy" rating to a "cautious" rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $203.94.

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.