Neville Rodie & Shaw Inc. trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 150,198 shares of the information services provider’s stock after selling 1,153 shares during the period. Alphabet accounts for approximately 2.1% of Neville Rodie & Shaw Inc.’s holdings, making the stock its 11th largest holding. Neville Rodie & Shaw Inc.’s holdings in Alphabet were worth $28,604,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in GOOG. Weiss Asset Management LP acquired a new stake in Alphabet in the 3rd quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in Alphabet in the 3rd quarter worth about $33,000. Abich Financial Wealth Management LLC boosted its stake in Alphabet by 9,200.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock worth $34,000 after buying an additional 184 shares during the last quarter. HWG Holdings LP acquired a new position in shares of Alphabet in the 2nd quarter valued at about $40,000. Finally, Sanctuary Wealth Management L.L.C. lifted its stake in shares of Alphabet by 87.3% in the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 117 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.
Alphabet Stock Up 3.0 %
NASDAQ:GOOG traded up $5.79 during trading hours on Monday, hitting $198.92. 7,208,924 shares of the company’s stock traded hands, compared to its average volume of 12,344,592. The stock’s fifty day moving average price is $181.77 and its two-hundred day moving average price is $173.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $202.88. The firm has a market cap of $2.43 trillion, a P/E ratio of 26.38, a P/E/G ratio of 1.34 and a beta of 0.99.
Alphabet Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.40%. Alphabet’s payout ratio is 10.61%.
Insider Activity at Alphabet
In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $167.23, for a total value of $473,929.82. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares of the company’s stock, valued at $4,406,343.27. This represents a 9.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. This trade represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,887 shares of company stock worth $27,996,356 in the last 90 days. 12.99% of the stock is owned by company insiders.
Analyst Ratings Changes
GOOG has been the topic of several research analyst reports. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Citigroup raised their target price on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their price objective on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, DA Davidson upgraded Alphabet to a “hold” rating in a report on Tuesday, September 10th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $200.56.
Get Our Latest Analysis on Alphabet
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.
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