Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Trimmed by Second Half Financial Partners LLC

Second Half Financial Partners LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,542 shares of the information services provider's stock after selling 1,567 shares during the period. Second Half Financial Partners LLC's holdings in Alphabet were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Alphabet in the fourth quarter valued at $24,383,677,000. FMR LLC increased its holdings in Alphabet by 9.8% in the fourth quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock valued at $47,025,322,000 after buying an additional 22,100,902 shares during the last quarter. Capital Research Global Investors increased its holdings in Alphabet by 16.2% in the fourth quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider's stock valued at $13,635,878,000 after buying an additional 10,037,685 shares during the last quarter. Wellington Management Group LLP increased its holdings in Alphabet by 15.9% in the fourth quarter. Wellington Management Group LLP now owns 66,050,135 shares of the information services provider's stock valued at $12,503,291,000 after buying an additional 9,042,271 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Alphabet by 8.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider's stock valued at $18,672,198,000 after purchasing an additional 7,574,417 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other Alphabet news, insider Ruth Porat sold 17,690 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares of the company's stock, valued at approximately $265,914,995.28. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's 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 owns 2,685,196 shares in the company, valued at $419,320,207.36. The trade was a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,053 shares of company stock valued at $25,339,647 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research analyst reports. Piper Sandler raised their price target on Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Roth Mkm reissued a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. reduced their price target on Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, DZ Bank lowered Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price for the company. in a report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $199.46.

Alphabet Stock Up 1.8 %

GOOGL stock traded up $2.83 on Thursday, hitting $161.63. 15,018,109 shares of the company's stock were exchanged, compared to its average volume of 28,177,164. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The firm has a 50 day moving average price of $160.78 and a two-hundred day moving average price of $175.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $1.97 trillion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping 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 business had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.52%. Alphabet's dividend payout ratio is presently 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.