D L Carlson Investment Group Inc. Sells 556 Shares of Alphabet Inc. (NASDAQ:GOOG)

D L Carlson Investment Group Inc. decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 8.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,119 shares of the information services provider’s stock after selling 556 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Alphabet were worth $1,165,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at $27,000. Weiss Asset Management LP bought a new position in Alphabet in the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Alphabet during the third quarter valued at about $33,000. WealthTrak Capital Management LLC bought a new stake in shares of Alphabet during the fourth quarter worth about $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction dated 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 approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 87,992 shares of company stock valued at $16,097,111. 12.99% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GOOG shares. Oppenheimer boosted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Wedbush reissued an “outperform” rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $208.56.

Alphabet Stock Performance

Shares of GOOG stock opened at $156.06 on Monday. 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 has a fifty day simple moving average of $181.53 and a two-hundred day simple moving average of $178.69. Alphabet Inc. has a 12 month low of $148.20 and a 12 month high of $208.70. The firm has a market capitalization of $1.90 trillion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

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

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

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.