Alphabet Inc. (NASDAQ:GOOG) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,537,284 shares of the information services provider’s stock after selling 208,980 shares during the period. Alphabet makes up approximately 1.4% of American Century Companies Inc.’s holdings, making the stock its 9th largest holding. American Century Companies Inc. owned approximately 0.10% of Alphabet worth $2,387,601,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GOOG. Weiss Asset Management LP acquired a new position in shares of Alphabet in the third quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new stake in Alphabet during the fourth quarter worth $27,000. Safe Harbor Fiduciary LLC bought a new stake in Alphabet in the 3rd quarter valued at $33,000. Noble Wealth Management PBC acquired a new position in shares of Alphabet in the 4th quarter valued at $43,000. Finally, FPC Investment Advisory Inc. lifted its holdings in shares of Alphabet by 287.9% during the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock worth $46,000 after acquiring an additional 167 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of analyst reports. Cantor Fitzgerald reissued a “neutral” rating on shares of Alphabet in a research note on Wednesday. Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Scotiabank increased their price objective on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet Price Performance

Shares of GOOG stock opened at $166.25 on Friday. Alphabet Inc. has a 1 year low of $148.20 and a 1 year high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $184.37 and its 200-day moving average is $177.94. The firm has a market capitalization of $2.03 trillion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock worth $17,374,274 over the last three months. 12.99% of the stock is currently owned by company insiders.

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.