Fourpath Capital Management LLC Sells 83 Shares of Alphabet Inc. (NASDAQ:GOOG)

Fourpath Capital Management LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,945 shares of the information services provider’s stock after selling 83 shares during the period. Fourpath Capital Management LLC’s holdings in Alphabet were worth $5,131,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. boosted its holdings in Alphabet by 24.0% in the third quarter. Pinnacle Bancorp Inc. now owns 18,520 shares of the information services provider’s stock worth $3,096,000 after acquiring an additional 3,582 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of Alphabet by 0.3% during the third quarter. Contravisory Investment Management Inc. now owns 50,806 shares of the information services provider’s stock worth $8,494,000 after purchasing an additional 142 shares during the period. Watts Gwilliam & Co. LLC acquired a new stake in Alphabet in the 3rd quarter valued at $6,866,000. Private Advisory Group LLC increased its stake in Alphabet by 7.6% during the 3rd quarter. Private Advisory Group LLC now owns 182,335 shares of the information services provider’s stock valued at $30,485,000 after purchasing an additional 12,919 shares in the last quarter. Finally, Westwind Capital raised its holdings in Alphabet by 381.6% during the third quarter. Westwind Capital now owns 119,328 shares of the information services provider’s stock worth $19,950,000 after buying an additional 94,550 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several recent research reports. Citigroup boosted their target price on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Pivotal Research boosted their price objective on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Jefferies Financial Group raised their price objective on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $209.13.

Alphabet Trading Down 3.2 %

Shares of GOOG stock opened at $187.14 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.29 trillion, a P/E ratio of 24.82, a PEG ratio of 1.32 and a beta of 1.00. The company has a 50 day moving average of $192.78 and a 200-day moving average of $176.15. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Sell-side analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the sale, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,529 shares of company stock worth $16,600,078 over the last quarter. 12.99% of the stock is currently owned by company insiders.

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.