Great Valley Advisor Group Inc. Has $28.76 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Great Valley Advisor Group Inc. cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 151,942 shares of the information services provider's stock after selling 4,376 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Alphabet were worth $28,763,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bennett Selby Investments LP grew its stake in Alphabet by 4.0% in the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock worth $256,000 after purchasing an additional 52 shares in the last quarter. Macroview Investment Management LLC grew its position in shares of Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after acquiring an additional 52 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Alphabet by 2.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock valued at $457,000 after acquiring an additional 53 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of Alphabet by 0.7% in the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock valued at $1,425,000 after acquiring an additional 53 shares during the last quarter. Finally, Burt Wealth Advisors raised its position in shares of Alphabet by 1.0% during the 4th quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider's stock valued at $1,005,000 after acquiring an additional 54 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of recent research reports. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, April 23rd. JMP Securities reissued a "market perform" rating on shares of Alphabet in a report on Wednesday, May 21st. Bank of America upped their target price on Alphabet from $185.00 to $200.00 and gave the company a "buy" rating in a report on Friday, April 25th. Mizuho cut their price target on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Westpark Capital restated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research report on Thursday, May 8th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $199.75.

Alphabet Stock Down 0.6%

Shares of Alphabet stock traded down $0.96 during midday trading on Thursday, hitting $171.40. The company's stock had a trading volume of 18,618,454 shares, compared to its average volume of 29,794,731. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. 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 firm has a market capitalization of $2.08 trillion, a P/E ratio of 21.27, a PEG ratio of 1.34 and a beta of 1.01. The stock has a 50-day simple moving average of $159.04 and a 200-day simple moving average of $174.73.

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, topping analysts' consensus estimates of $2.02 by $0.79. The firm 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 period last year, the company posted $1.89 EPS. As a group, sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current 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 0.49%. Alphabet's payout ratio is presently 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 that occurred on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the transaction, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. This trade represents a 19.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,374 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the sale, the chief accounting officer now directly owns 15,024 shares of the company's stock, valued at approximately $2,606,213.28. This represents a 8.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,654 shares of company stock worth $26,793,380. 11.55% of the stock is currently owned by company insiders.

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.