FACT Capital LP Sells 14,061 Shares of Alphabet Inc. (NASDAQ:GOOG)

FACT Capital LP lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 123,280 shares of the information services provider's stock after selling 14,061 shares during the period. Alphabet accounts for approximately 10.2% of FACT Capital LP's investment portfolio, making the stock its biggest position. FACT Capital LP's holdings in Alphabet were worth $23,337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 10Elms LLP purchased a new position in Alphabet in the 4th quarter valued at $305,000. Taylor Hoffman Capital Management LLC grew its holdings in shares of Alphabet by 1.3% during the fourth quarter. Taylor Hoffman Capital Management LLC now owns 6,924 shares of the information services provider's stock worth $1,319,000 after buying an additional 90 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Alphabet by 14.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 962,536 shares of the information services provider's stock valued at $183,305,000 after buying an additional 119,028 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in shares of Alphabet by 34.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 50,284 shares of the information services provider's stock worth $9,576,000 after buying an additional 12,790 shares in the last quarter. Finally, Kolinsky Wealth Management LLC lifted its stake in shares of Alphabet by 2.0% in the fourth quarter. Kolinsky Wealth Management LLC now owns 7,409 shares of the information services provider's stock worth $1,411,000 after buying an additional 148 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Down 1.5%

NASDAQ GOOG opened at $165.32 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $2.01 trillion, a P/E ratio of 20.54, a PEG ratio of 1.34 and a beta of 1.01. The firm's 50-day moving average is $160.18 and its two-hundred day moving average is $176.66. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.51%. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio is 9.36%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GOOG shares. UBS Group dropped their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Benchmark restated a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $171.00 price target on shares of Alphabet in a report on Friday, April 25th. Citigroup reiterated a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Finally, Westpark Capital restated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $203.94.

Insiders Place Their Bets

In other Alphabet news, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares of the company's stock, valued at $265,914,995.28. The trade was a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the sale, the chief executive officer now directly owns 2,652,696 shares in the company, valued at $413,555,306.40. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,744 shares of company stock worth $20,968,366 over the last ninety days. Corporate 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.

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