Steph & Co. Sells 86 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Steph & Co. trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 15.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 473 shares of the information services provider’s stock after selling 86 shares during the quarter. Steph & Co.’s holdings in Alphabet were worth $90,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GOOGL. West Financial Advisors LLC grew its holdings in shares of Alphabet by 30.1% in the fourth quarter. West Financial Advisors LLC now owns 2,601 shares of the information services provider’s stock valued at $492,000 after purchasing an additional 601 shares in the last quarter. Flywheel Private Wealth LLC bought a new stake in shares of Alphabet in the 4th quarter worth about $210,000. Winch Advisory Services LLC raised its position in shares of Alphabet by 1.3% during the 4th quarter. Winch Advisory Services LLC now owns 4,386 shares of the information services provider’s stock valued at $830,000 after buying an additional 58 shares in the last quarter. Rovin Capital UT ADV lifted its holdings in shares of Alphabet by 14.5% in the 4th quarter. Rovin Capital UT ADV now owns 9,910 shares of the information services provider’s stock valued at $1,876,000 after acquiring an additional 1,253 shares during the last quarter. Finally, Outlook Wealth Advisors LLC grew its position in Alphabet by 4.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 13,815 shares of the information services provider’s stock worth $2,615,000 after acquiring an additional 639 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Thursday, December 12th. Pivotal Research raised their price target on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. KeyCorp boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Finally, Stifel Nicolaus upped their price target on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating, thirty have issued 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 $208.15.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the transaction, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,387 shares of company stock worth $24,368,654. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOGL opened at $196.00 on Friday. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $201.42. The stock has a fifty day moving average price of $184.08 and a 200-day moving average price of $173.33. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.40 trillion, a PE ratio of 25.99, a P/E/G ratio of 1.22 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter last year, the company earned $1.55 earnings per share. Equities research analysts predict that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

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.