Aberdeen Wealth Management LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,405 shares of the information services provider's stock after selling 1,950 shares during the quarter. Alphabet comprises 1.7% of Aberdeen Wealth Management LLC's portfolio, making the stock its 11th largest position. Aberdeen Wealth Management LLC's holdings in Alphabet were worth $2,538,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after purchasing an additional 4,567,275 shares during the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in Alphabet by 0.9% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 23,533 shares of the information services provider's stock worth $4,455,000 after acquiring an additional 207 shares during the last quarter. Wealth Group Ltd. raised its holdings in Alphabet by 5.2% in the 4th quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider's stock worth $299,000 after acquiring an additional 78 shares during the last quarter. Capital & Planning LLC raised its holdings in Alphabet by 34.3% in the 4th quarter. Capital & Planning LLC now owns 4,383 shares of the information services provider's stock worth $830,000 after acquiring an additional 1,119 shares during the last quarter. Finally, Guinness Asset Management LTD raised its holdings in Alphabet by 9.9% in the 4th quarter. Guinness Asset Management LTD now owns 234,481 shares of the information services provider's stock worth $44,392,000 after acquiring an additional 21,158 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Alphabet Price Performance
Shares of NASDAQ:GOOGL traded down $0.82 on Thursday, reaching $171.55. The company's stock had a trading volume of 17,806,139 shares, compared to its average volume of 29,792,310. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a market cap of $2.08 trillion, a P/E ratio of 21.31, a PEG ratio of 1.34 and a beta of 1.01. The company has a 50-day simple moving average of $159.04 and a 200 day simple moving average of $174.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly 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. The company had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same quarter last year, the business posted $1.89 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a $0.21 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet's payout ratio is 9.36%.
Insider Buying and Selling at Alphabet
In other Alphabet news, insider John Kent Walker sold 11,764 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the transaction, the insider now directly owns 49,037 shares in the company, valued at $8,181,333.08. This represents a 19.35% decrease in their position. The sale 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 Alphabet stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares of the company's stock, valued at $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. Insiders have sold 164,654 shares of company stock worth $26,793,380 over the last quarter. Insiders own 11.55% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Mizuho dropped their price objective on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. DA Davidson dropped their price objective on Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Westpark Capital reissued a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Thursday, May 8th. Piper Sandler boosted their price objective on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Cantor Fitzgerald decreased their price objective on shares of Alphabet from $200.00 to $159.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus price target of $199.75.
Check Out Our Latest Report on GOOGL
Alphabet Company Profile
(
Free Report)
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.
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