Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 36.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,006 shares of the information services provider’s stock after selling 1,130 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in Alphabet were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beck Bode LLC raised its holdings in shares of Alphabet by 7.1% during the second quarter. Beck Bode LLC now owns 67,523 shares of the information services provider’s stock worth $12,385,000 after purchasing an additional 4,456 shares during the last quarter. WCG Wealth Advisors LLC grew its position in Alphabet by 20.3% during the 2nd quarter. WCG Wealth Advisors LLC now owns 26,937 shares of the information services provider’s stock worth $4,941,000 after purchasing an additional 4,539 shares during the period. Concorde Asset Management LLC purchased a new position in shares of Alphabet during the 2nd quarter valued at about $218,000. Somerset Group LLC lifted its holdings in shares of Alphabet by 1.5% in the 2nd quarter. Somerset Group LLC now owns 10,501 shares of the information services provider’s stock valued at $1,926,000 after buying an additional 156 shares during the period. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in shares of Alphabet by 33.5% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 801 shares of the information services provider’s stock worth $147,000 after buying an additional 201 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Up 1.6 %

Shares of NASDAQ GOOG opened at $197.55 on Friday. 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 company has a 50-day moving average of $185.56 and a 200 day moving average of $174.84. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $202.88. The stock has a market cap of $2.42 trillion, a PE ratio of 26.20, a P/E/G ratio of 1.21 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GOOG shares. JPMorgan Chase & Co. lifted their price target on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Finally, Barclays increased their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at $369,672,512.16. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $4,085,531.55. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,387 shares of company stock worth $24,368,654 in the last ninety days. 12.99% of the stock is owned by insiders.

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.