Full Sail Capital LLC Sells 174 Shares of Alphabet Inc. (NASDAQ:GOOG)

Full Sail Capital LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,589 shares of the information services provider’s stock after selling 174 shares during the period. Full Sail Capital LLC’s holdings in Alphabet were worth $493,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GOOG. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter valued at $27,000. LSV Asset Management bought a new position in Alphabet in the fourth quarter worth about $27,000. WealthTrak Capital Management LLC purchased a new stake in Alphabet in the fourth quarter worth about $38,000. Mountain Hill Investment Partners Corp. bought a new stake in Alphabet during the 4th quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC bought a new stake in Alphabet during the 4th quarter valued at approximately $43,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Susquehanna restated a “positive” rating on shares of Alphabet in a report on Friday, May 2nd. JPMorgan Chase & Co. upped their target price on shares of Alphabet from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Needham & Company LLC cut shares of Alphabet from a “buy” rating to a “cautious” rating in a research report on Friday, May 2nd. Finally, Westpark Capital restated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $203.94.

Alphabet Stock Performance

NASDAQ:GOOG opened at $154.38 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50-day simple moving average of $160.96 and a two-hundred day simple moving average of $176.85. The firm has a market capitalization of $1.87 trillion, a PE ratio of 19.18, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the firm posted $1.89 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a dividend of $0.21 per share. This is a boost from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.54%. Alphabet’s payout ratio is 9.36%.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares of the company’s stock, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 179,324 shares of company stock valued at $30,153,353. Company insiders own 12.99% of the company’s stock.

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.