Hirtle Callaghan & Co LLC Reduces Holdings in Alphabet Inc. (NASDAQ:GOOG)

Hirtle Callaghan & Co LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 14.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 61,720 shares of the information services provider’s stock after selling 10,709 shares during the period. Alphabet comprises approximately 0.5% of Hirtle Callaghan & Co LLC’s holdings, making the stock its 27th biggest holding. Hirtle Callaghan & Co LLC’s holdings in Alphabet were worth $11,754,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Weiss Asset Management LP purchased a new stake in Alphabet in the 3rd quarter worth approximately $25,000. Fiduciary Advisors Inc. purchased a new stake in Alphabet in the 4th quarter worth approximately $27,000. Safe Harbor Fiduciary LLC purchased a new stake in Alphabet in the 3rd quarter worth approximately $33,000. Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet in the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC purchased a new stake in Alphabet in the 4th quarter worth approximately $43,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of GOOG stock opened at $166.25 on Monday. Alphabet Inc. has a 12 month low of $148.20 and a 12 month high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $2.03 trillion, a P/E ratio of 20.65, a P/E/G ratio of 1.34 and a beta of 1.03. The company’s fifty day moving average price is $184.37 and its two-hundred day moving average price is $178.22.

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%. On average, research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Activity

In related 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 completion of the sale, the insider now owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. This represents a 1.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,048 shares of company stock worth $17,374,274. 12.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on GOOG shares. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Benchmark reissued a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Rosenblatt Securities reissued a “neutral” rating on shares of Alphabet in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $209.13.

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.