Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Geller Advisors LLC

Geller Advisors LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,036 shares of the information services provider's stock after selling 2,334 shares during the quarter. Alphabet accounts for approximately 0.4% of Geller Advisors LLC's holdings, making the stock its 18th biggest holding. Geller Advisors LLC's holdings in Alphabet were worth $6,064,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Compass Planning Associates Inc bought a new stake in Alphabet during the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in Alphabet during the 4th quarter valued at $39,000. PayPay Securities Corp increased its holdings in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after acquiring an additional 65 shares during the period. Finally, Anderson Financial Strategies LLC bought a new stake in Alphabet during the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, April 23rd. KeyCorp upped their target price on Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Needham & Company LLC reaffirmed a "buy" rating and set a $178.00 target price on shares of Alphabet in a research report on Friday, April 25th. Rosenblatt Securities reduced their target price on Alphabet from $205.00 to $189.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, Cantor Fitzgerald dropped their price target on Alphabet from $200.00 to $159.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $199.75.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares in the company, valued at $50,376,238.74. This represents a 9.64% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,324 shares of company stock valued at $30,153,353. 11.64% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of Alphabet stock traded up $5.71 during mid-day trading on Monday, reaching $158.46. 44,064,211 shares of the stock traded hands, compared to its average volume of 28,840,151. The business has a 50-day moving average of $158.93 and a 200 day moving average of $175.27. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The stock has a market capitalization of $1.92 trillion, a PE ratio of 19.68, a PEG ratio of 1.34 and a beta of 1.01. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results 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 return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. On average, analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

About Alphabet

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.