Rockefeller Capital Management L.P. Sells 35,432 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Rockefeller Capital Management L.P. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,811,437 shares of the information services provider's stock after selling 35,432 shares during the quarter. Alphabet accounts for approximately 1.9% of Rockefeller Capital Management L.P.'s holdings, making the stock its 8th largest holding. Rockefeller Capital Management L.P.'s holdings in Alphabet were worth $721,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Community Bank N.A. raised its stake in shares of Alphabet by 6.4% in the 4th quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock valued at $8,741,000 after purchasing an additional 2,790 shares during the period. Premier Fund Managers Ltd raised its position in Alphabet by 30.0% in the 4th quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider's stock valued at $11,816,000 after buying an additional 14,262 shares during the last quarter. Absolute Capital Management LLC lifted its stake in Alphabet by 14.0% in the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider's stock valued at $401,000 after acquiring an additional 258 shares in the last quarter. Permanent Capital Management LP acquired a new position in Alphabet during the 4th quarter worth approximately $273,000. Finally, Glass Wealth Management Co LLC grew its stake in shares of Alphabet by 4.5% during the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock worth $7,014,000 after acquiring an additional 1,580 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on GOOGL shares. JPMorgan Chase & Co. reduced their target price on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Roth Mkm restated a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. KeyCorp reduced their price target on Alphabet from $220.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. DZ Bank downgraded Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective for the company. in a report on Thursday, February 6th. Finally, Wolfe Research upped their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.74.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total value of $5,075,200.00. Following the transaction, the chief executive officer now directly owns 2,685,196 shares of the company's stock, valued at $419,320,207.36. The trade was a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. The trade was a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 148,163 shares of company stock worth $25,361,647 in the last ninety days. Company insiders own 11.55% of the company's stock.

Alphabet Price Performance

Shares of GOOGL stock traded down $2.25 on Friday, hitting $151.08. 32,930,996 shares of the company's stock were exchanged, compared to its average volume of 28,329,951. The stock has a market cap of $1.84 trillion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company has a 50 day moving average of $165.14 and a 200 day moving average of $175.77.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

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.