Alphabet Inc. (NASDAQ:GOOGL) Stock Position Lessened by O Neil Global Advisors Inc.

O Neil Global Advisors Inc. lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 56.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,445 shares of the information services provider’s stock after selling 28,825 shares during the period. Alphabet accounts for approximately 1.8% of O Neil Global Advisors Inc.’s portfolio, making the stock its 10th largest holding. O Neil Global Advisors Inc.’s holdings in Alphabet were worth $3,135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $38,000. Meritage Group LP lifted its stake in shares of Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares during the period. Armor Investment Advisors LLC lifted its stake in shares of Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after buying an additional 80 shares during the period. IAG Wealth Partners LLC lifted its stake in shares of Alphabet by 55.9% during the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after buying an additional 123 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL stock opened at $174.99 on Monday. The company has a market capitalization of $2.16 trillion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02. The firm has a fifty day simple moving average of $160.81 and a 200-day simple moving average of $146.91. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $178.77.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period in the prior year, the firm earned $1.17 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 7.61 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%.

Insider Buying and Selling at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 2,100 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The disclosure for this sale can be found here. Insiders have sold 205,935 shares of company stock worth $31,178,987 in the last ninety days. 11.55% of the stock is owned by insiders.

Analysts Set New Price Targets

GOOGL has been the topic of several recent analyst reports. Sanford C. Bernstein upped their price objective on shares of Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Roth Mkm upped their price objective on shares of Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Evercore ISI upped their price objective on shares of Alphabet from $160.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Morgan Stanley reissued an “overweight” rating and set a $195.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $196.00 price target on shares of Alphabet in a research report on Wednesday, May 15th. Five investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.57.

About Alphabet

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.