Centurion Wealth Management LLC Has $1.67 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Centurion Wealth Management LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,772 shares of the information services provider’s stock after selling 131 shares during the quarter. Centurion Wealth Management LLC’s holdings in Alphabet were worth $1,671,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Ninepoint Partners LP raised its stake in shares of Alphabet by 632.1% in the fourth quarter. Ninepoint Partners LP now owns 5,242 shares of the information services provider’s stock valued at $998,000 after purchasing an additional 4,526 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Alphabet by 1.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 255,087 shares of the information services provider’s stock valued at $48,579,000 after purchasing an additional 3,411 shares in the last quarter. Ascent Capital Management LLC acquired a new position in shares of Alphabet in the fourth quarter valued at $701,000. Pollock Investment Advisors LLC acquired a new position in shares of Alphabet in the fourth quarter valued at $1,503,000. Finally, Hutchinson Capital Management CA raised its stake in shares of Alphabet by 1.5% in the fourth quarter. Hutchinson Capital Management CA now owns 3,555 shares of the information services provider’s stock valued at $677,000 after purchasing an additional 54 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GOOG. Benchmark restated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet Price Performance

Alphabet stock opened at $167.62 on Friday. The business’s 50-day simple moving average is $187.41 and its 200 day simple moving average is $178.00. The stock has a market cap of $2.04 trillion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12-month low of $141.13 and a 12-month high of $208.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now directly owns 21,824 shares in the company, valued at $4,142,195.20. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,882 shares of company stock valued at $17,934,130. 12.99% of the stock is currently owned by company insiders.

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.