Alphabet Inc. (NASDAQ:GOOGL) Stake Reduced by RMR Wealth Builders

RMR Wealth Builders cut its stake in Alphabet Inc. (NASDAQ:GOOGL) by 23.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,955 shares of the information services provider’s stock after selling 5,229 shares during the period. RMR Wealth Builders’ holdings in Alphabet were worth $3,210,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Lynch & Associates IN raised its holdings in Alphabet by 2.4% during the fourth quarter. Lynch & Associates IN now owns 31,272 shares of the information services provider’s stock worth $5,920,000 after purchasing an additional 738 shares in the last quarter. Atlas Brown Inc. increased its position in shares of Alphabet by 3.1% during the 4th quarter. Atlas Brown Inc. now owns 12,229 shares of the information services provider’s stock valued at $2,315,000 after purchasing an additional 373 shares during the period. HBW Advisory Services LLC raised its stake in shares of Alphabet by 20.3% in the 4th quarter. HBW Advisory Services LLC now owns 33,155 shares of the information services provider’s stock worth $6,276,000 after buying an additional 5,602 shares in the last quarter. Heartwood Wealth Advisors LLC lifted its holdings in shares of Alphabet by 2.3% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 9,135 shares of the information services provider’s stock valued at $1,729,000 after buying an additional 209 shares during the period. Finally, Sage Capital Advisors llc boosted its stake in Alphabet by 0.3% during the fourth quarter. Sage Capital Advisors llc now owns 64,564 shares of the information services provider’s stock valued at $12,222,000 after buying an additional 196 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $164.95, for a total transaction of $247,425.00. Following the sale, the director now directly owns 26,324 shares in the company, valued at $4,342,143.80. This trade represents a 5.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction dated Tuesday, October 15th. The shares were 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 directly owns 26,349 shares of the company’s stock, valued at approximately $4,406,343.27. The trade was a 9.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,887 shares of company stock worth $27,996,356. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

GOOGL traded down $1.91 during trading hours on Friday, reaching $192.04. The company’s stock had a trading volume of 26,591,431 shares, compared to its average volume of 24,268,787. The company’s 50-day moving average is $182.20 and its 200-day moving average is $173.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $2.35 trillion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $201.42.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the previous year, the company posted $1.55 EPS. On average, equities analysts forecast that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Alphabet’s payout ratio is 10.61%.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of analyst reports. Robert W. Baird reissued an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. JPMorgan Chase & Co. increased their price objective on Alphabet from $212.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. KeyCorp increased their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday. Sanford C. Bernstein upped their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets restated an “outperform” rating and set a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.08.

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.