Norman Fields Gottscho Capital Management LLC Sells 585 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Norman Fields Gottscho Capital Management LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,670 shares of the information services provider’s stock after selling 585 shares during the period. Alphabet makes up about 1.9% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Norman Fields Gottscho Capital Management LLC’s holdings in Alphabet were worth $5,806,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. LMR Partners LLP bought a new position in shares of Alphabet during the 3rd quarter valued at approximately $32,000. Kings Path Partners LLC purchased a new position in Alphabet during the second quarter worth $36,000. Denver PWM LLC bought a new position in Alphabet during the second quarter valued at $41,000. Quarry LP purchased a new stake in shares of Alphabet in the second quarter valued at $53,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Alphabet in the third quarter valued at $66,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GOOGL. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $212.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Wolfe Research upped their target price on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday. Tigress Financial increased their price target on Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 26th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Pivotal Research increased their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $206.82.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,406,343.27. This represents a 9.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,887 shares of company stock valued at $27,996,356 in the last ninety days. Insiders own 11.55% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $196.87 on Tuesday. The company has a market cap of $2.41 trillion, a price-to-earnings ratio of 26.11, a PEG ratio of 1.35 and a beta of 0.98. 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 stock’s fifty day moving average price is $180.84 and its 200 day moving average price is $172.60. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $201.42.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period in the prior year, the company earned $1.55 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is currently 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.