Alphabet Inc. (NASDAQ:GOOG) Holdings Decreased by MCF Advisors LLC

MCF Advisors LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,618 shares of the information services provider’s stock after selling 954 shares during the quarter. MCF Advisors LLC’s holdings in Alphabet were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capstone Wealth Management LLC purchased a new position in Alphabet in the fourth quarter valued at about $304,000. Oxinas Partners Wealth Management LLC grew its stake in Alphabet by 6.7% in the fourth quarter. Oxinas Partners Wealth Management LLC now owns 20,038 shares of the information services provider’s stock valued at $3,816,000 after purchasing an additional 1,258 shares in the last quarter. Commons Capital LLC grew its stake in Alphabet by 2.8% in the fourth quarter. Commons Capital LLC now owns 3,759 shares of the information services provider’s stock valued at $716,000 after purchasing an additional 102 shares in the last quarter. Enclave Advisors LLC grew its stake in Alphabet by 34.4% in the fourth quarter. Enclave Advisors LLC now owns 8,869 shares of the information services provider’s stock valued at $1,689,000 after purchasing an additional 2,271 shares in the last quarter. Finally, Wall Street Financial Group Inc. purchased a new position in Alphabet in the fourth quarter valued at about $209,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Oppenheimer boosted their target price on Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Wells Fargo & Company boosted their price target on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Citigroup boosted their price target on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $200.56.

Alphabet Trading Down 0.2 %

GOOG stock opened at $199.58 on Friday. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $203.84. The firm has a market cap of $2.44 trillion, a P/E ratio of 26.47, a P/E/G ratio of 1.27 and a beta of 0.99. The business’s 50 day moving average is $186.95 and its 200-day moving average is $175.06. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period in the prior year, the company posted $1.55 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. Equities analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. Alphabet’s dividend payout ratio is currently 10.61%.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $4,085,531.55. This represents a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the transaction, the chief executive officer now owns 2,084,306 shares in the company, valued at $369,672,512.16. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock worth $24,368,654 in the last three months. 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.