Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Teewinot Capital Advisers L.L.C.

Teewinot Capital Advisers L.L.C. cut its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 523,618 shares of the information services provider's stock after selling 57,171 shares during the period. Alphabet comprises approximately 10.1% of Teewinot Capital Advisers L.L.C.'s holdings, making the stock its biggest position. Teewinot Capital Advisers L.L.C.'s holdings in Alphabet were worth $99,121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GOOGL. JPMorgan Chase & Co. boosted its stake 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 period. Regent Peak Wealth Advisors LLC boosted its stake in Alphabet by 0.9% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 23,533 shares of the information services provider's stock valued at $4,455,000 after purchasing an additional 207 shares during the period. Wealth Group Ltd. boosted its stake in Alphabet by 5.2% during the 4th quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider's stock valued at $299,000 after purchasing an additional 78 shares during the period. R.H. Investment Group LLC acquired a new position in Alphabet during the 4th quarter valued at about $1,475,000. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its stake in Alphabet by 9.5% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 24,470 shares of the information services provider's stock valued at $4,632,000 after purchasing an additional 2,115 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOGL opened at $166.19 on Friday. The company's 50 day moving average price is $158.21 and its 200 day moving average price is $175.01. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a market capitalization of $2.02 trillion, a PE ratio of 20.64, a PEG ratio of 1.34 and a beta of 1.01. 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 announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. Research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal 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 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 dividend on an annualized basis and a yield of 0.51%. Alphabet's payout ratio is presently 9.36%.

Analyst Ratings Changes

A number of research analysts have issued reports on GOOGL shares. Needham & Company LLC reissued a "buy" rating and set a $178.00 target price on shares of Alphabet in a research note on Friday, April 25th. Morgan Stanley dropped their price target on shares of Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Rosenblatt Securities dropped their price target on shares of Alphabet from $205.00 to $189.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Bank of America boosted their price target on shares of Alphabet from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, DZ Bank downgraded shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target on the stock. in a research report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $199.75.

Insider Activity at Alphabet

In other Alphabet news, 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 directly owns 43,111 shares of the company's stock, valued at $7,997,521.61. The trade was a 29.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 2,824 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total transaction of $529,302.32. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 179,324 shares of company stock valued at $30,153,353. Corporate insiders own 11.64% 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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.