Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Woodson Capital Management LP

Woodson Capital Management LP lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,000 shares of the information services provider's stock after selling 20,000 shares during the period. Alphabet accounts for about 3.3% of Woodson Capital Management LP's portfolio, making the stock its 11th biggest position. Woodson Capital Management LP's holdings in Alphabet were worth $20,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Alphabet by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after acquiring an additional 4,567,275 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its stake in Alphabet by 0.9% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 23,533 shares of the information services provider's stock valued at $4,455,000 after acquiring an additional 207 shares during the period. Wealth Group Ltd. increased 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 in the last quarter. Cvfg LLC bought a new stake in shares of Alphabet during the fourth quarter worth about $1,519,000. Finally, Eagle Rock Investment Company LLC increased its holdings in Alphabet by 1.6% during the 4th quarter. Eagle Rock Investment Company LLC now owns 128,056 shares of the information services provider's stock worth $24,241,000 after purchasing an additional 2,048 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Cantor Fitzgerald reduced their price target on Alphabet from $200.00 to $159.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus cut their price target on shares of Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. KeyCorp raised their target price on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Morgan Stanley cut their price objective on Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Ten investment 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $199.75.

Insiders Place Their Bets

In other news, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the sale, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, May 7th. The shares were 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 of the company's stock, valued at $413,555,306.40. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,744 shares of company stock worth $20,968,366. Company insiders own 11.64% of the company's stock.

Alphabet Stock Up 1.4%

NASDAQ:GOOGL traded up $2.31 during trading hours on Thursday, reaching $170.87. 74,740,455 shares of the company traded hands, compared to its average volume of 29,591,406. The business's 50-day moving average price is $158.29 and its two-hundred day moving average price is $174.88. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 21.23, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. 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 earnings results 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 business had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same quarter in the previous year, the firm posted $1.89 EPS. Analysts predict 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 paid 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 dividend yield of 0.49%. Alphabet's payout ratio is 9.36%.

Alphabet Company 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.