Torray Investment Partners LLC Sells 617 Shares of Alphabet Inc. (NASDAQ:GOOG)

Torray Investment Partners LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,772 shares of the information services provider’s stock after selling 617 shares during the quarter. Torray Investment Partners LLC’s holdings in Alphabet were worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GOOG. Swedbank AB raised its holdings in shares of Alphabet by 0.6% in the 3rd quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock worth $1,394,181,000 after acquiring an additional 51,226 shares during the last quarter. Catalina Capital Group LLC raised its stake in shares of Alphabet by 6.0% in the third quarter. Catalina Capital Group LLC now owns 23,853 shares of the information services provider’s stock worth $3,988,000 after purchasing an additional 1,348 shares during the last quarter. Northstar Asset Management Inc. lifted its holdings in shares of Alphabet by 20.9% in the third quarter. Northstar Asset Management Inc. now owns 5,526 shares of the information services provider’s stock valued at $924,000 after purchasing an additional 956 shares in the last quarter. One Plus One Wealth Management LLC lifted its holdings in shares of Alphabet by 8.4% in the third quarter. One Plus One Wealth Management LLC now owns 4,042 shares of the information services provider’s stock valued at $676,000 after purchasing an additional 312 shares in the last quarter. Finally, Leslie Global Wealth LLC grew its holdings in Alphabet by 31.9% during the third quarter. Leslie Global Wealth LLC now owns 2,291 shares of the information services provider’s stock worth $383,000 after buying an additional 554 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOG opened at $174.21 on Friday. The firm has a market cap of $2.12 trillion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $190.22 and its 200-day moving average is $177.89. Alphabet Inc. has a 12-month low of $132.66 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insiders Place Their Bets

In related news, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction that occurred on 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 owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,374 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at approximately $2,606,213.28. The trade was a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,316 shares of company stock worth $25,062,887 in the last quarter. 12.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GOOG shares. Scotiabank raised their price objective on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Wedbush reissued an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Alphabet 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.