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

Cadent Capital Advisors LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,943 shares of the information services provider’s stock after selling 99 shares during the period. Cadent Capital Advisors LLC’s holdings in Alphabet were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. LMR Partners LLP acquired a new position in Alphabet in the 3rd quarter valued at about $32,000. Denver PWM LLC purchased a new stake in Alphabet in the 2nd quarter valued at about $41,000. Quarry LP acquired a new stake in Alphabet during the second quarter worth about $53,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Alphabet in the 3rd quarter valued at about $66,000. Finally, Mendota Financial Group LLC grew its holdings in shares of Alphabet by 19.0% during the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after purchasing an additional 64 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded down $1.63 during trading on Monday, hitting $190.41. 11,815,714 shares of the company were exchanged, compared to its average volume of 22,570,484. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The company has a market cap of $2.33 trillion, a PE ratio of 25.25, a P/E/G ratio of 1.35 and a beta of 0.98. The stock has a 50 day moving average of $182.62 and a 200 day moving average of $172.95.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the previous year, the company posted $1.55 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $3,961,445.55. This represents a 6.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 154,387 shares of company stock worth $27,748,931 in the last ninety days. 11.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Alphabet in a report on Friday. Royal Bank of Canada increased their price objective on shares of Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial increased their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. China Renaissance upgraded Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $208.15.

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.