Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 553,500 shares of the information services provider’s stock after selling 25,100 shares during the quarter. Alphabet accounts for approximately 4.0% of Adams Diversified Equity Fund Inc.’s investment portfolio, making the stock its 5th largest holding. Adams Diversified Equity Fund Inc.’s holdings in Alphabet were worth $104,778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Compass Planning Associates Inc bought a new position in Alphabet during the fourth quarter worth about $30,000. LMR Partners LLP acquired a new position in shares of Alphabet in the 3rd quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after buying an additional 166 shares during the period. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the 4th quarter valued at $39,000. Finally, PayPay Securities Corp grew its position in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 65 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock opened at $154.64 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05. The company’s 50 day moving average price is $178.83 and its two-hundred day moving average price is $177.10. The company has a market capitalization of $1.89 trillion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. On average, analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Analysts Set New Price Targets

A number of brokerages have issued reports on GOOGL. Wells Fargo & Company cut their price objective on Alphabet from $184.00 to $167.00 and set an “equal weight” rating for the company in a report on Monday. Rosenblatt Securities restated a “neutral” rating and issued a $205.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Bank of America reaffirmed a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Robert W. Baird reissued an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. dropped their price target on Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $209.49.

Insiders Place Their Bets

In other Alphabet news, 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 sale, the insider now directly owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 11,764 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the transaction, the insider now owns 49,037 shares of the company’s stock, valued at $8,181,333.08. The trade was a 19.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,992 shares of company stock valued at $16,093,773 in the last quarter. 11.55% of the stock is currently 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.