Norman Fields Gottscho Capital Management LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 10.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,540 shares of the information services provider's stock after selling 3,130 shares during the period. Alphabet accounts for about 1.4% of Norman Fields Gottscho Capital Management LLC's holdings, making the stock its 15th biggest position. Norman Fields Gottscho Capital Management LLC's holdings in Alphabet were worth $4,259,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. 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 valued at $256,000 after purchasing an additional 52 shares during 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 buying an additional 52 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after acquiring an additional 53 shares in the last quarter. Addison Advisors LLC raised its stake in shares of Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after acquiring an additional 53 shares in the last quarter. Finally, Burt Wealth Advisors lifted its position in Alphabet by 1.0% during the fourth 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 during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.
Alphabet Price Performance
NASDAQ:GOOGL traded down $2.13 during trading hours on Friday, hitting $169.73. 52,598,920 shares of the stock were exchanged, compared to its average volume of 29,980,554. The firm's fifty day moving average price is $159.12 and its 200 day moving average price is $174.68. 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 $2.06 trillion, a P/E ratio of 21.08, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the prior year, the company earned $1.89 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Increases Dividend
The firm also recently declared 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 of this dividend is Monday, June 9th. This is a positive change 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%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. KeyCorp boosted their price target on Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Westpark Capital reissued a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, May 8th. Jefferies Financial Group decreased their price target on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday, March 31st. Rosenblatt Securities reiterated a "neutral" rating and set a $189.00 price objective on shares of Alphabet in a research note on Wednesday, May 21st. Finally, DZ Bank downgraded Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price on the stock. in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned 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.
View Our Latest Analysis on Alphabet
Insider Activity at Alphabet
In other news, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were 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 in the company, valued at $1,293,285.89. This trade represents a 2.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 1,374 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,606,213.28. This trade represents a 8.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,533 shares of company stock valued at $26,772,774. Corporate insiders own 11.55% of the company's stock.
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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