FLC Capital Advisors Has $5.38 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

FLC Capital Advisors lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 28,429 shares of the information services provider’s stock after selling 1,395 shares during the period. Alphabet makes up approximately 1.2% of FLC Capital Advisors’ holdings, making the stock its 21st largest position. FLC Capital Advisors’ holdings in Alphabet were worth $5,382,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. DLK Investment Management LLC boosted its holdings in Alphabet by 4.2% in the 4th quarter. DLK Investment Management LLC now owns 4,013 shares of the information services provider’s stock valued at $760,000 after purchasing an additional 162 shares during the period. Maltin Wealth Management Inc. lifted its stake in shares of Alphabet by 6.2% in the fourth quarter. Maltin Wealth Management Inc. now owns 3,484 shares of the information services provider’s stock valued at $660,000 after buying an additional 203 shares during the period. Uncommon Cents Investing LLC grew its position in Alphabet by 3.5% during the fourth quarter. Uncommon Cents Investing LLC now owns 2,939 shares of the information services provider’s stock worth $556,000 after buying an additional 100 shares in the last quarter. AMI Investment Management Inc. bought a new position in Alphabet during the fourth quarter valued at about $207,000. Finally, Strong Tower Advisory Services raised its holdings in Alphabet by 0.8% in the 4th quarter. Strong Tower Advisory Services now owns 45,989 shares of the information services provider’s stock valued at $8,706,000 after acquiring an additional 355 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on GOOGL shares. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Wedbush boosted their price target on shares of Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. China Renaissance raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, JMP Securities restated a “market perform” rating on shares of Alphabet in a research note on Friday, January 10th. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $208.67.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the transaction, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at $4,516,745.58. This trade represents a 4.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at $369,672,512.16. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,387 shares of company stock valued at $24,368,654 in the last 90 days. 11.55% of the stock is currently owned by company insiders.

Alphabet Trading Down 0.2 %

NASDAQ:GOOGL opened at $197.98 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The business’s 50-day simple moving average is $185.46 and its 200-day simple moving average is $173.55. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $202.29. The stock has a market capitalization of $2.42 trillion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 8.03 earnings per share 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 issued 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%.

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.