Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 70.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,549 shares of the information services provider’s stock after selling 6,093 shares during the period. Quantbot Technologies LP’s holdings in Alphabet were worth $485,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Weiss Asset Management LP acquired a new stake in shares of Alphabet during the third quarter worth $25,000. Fiduciary Advisors Inc. purchased a new position in Alphabet in the 4th quarter worth about $27,000. Safe Harbor Fiduciary LLC acquired a new stake in Alphabet during the 3rd quarter worth about $33,000. Noble Wealth Management PBC purchased a new stake in Alphabet during the fourth quarter valued at about $43,000. Finally, FPC Investment Advisory Inc. boosted its holdings in shares of Alphabet by 287.9% in the fourth quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock worth $46,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $164.08 on Friday. The company has a market capitalization of $2.00 trillion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a one year low of $148.20 and a one year high of $208.70. The company’s fifty day moving average price is $182.36 and its 200 day moving average price is $178.26.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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, analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Rosenblatt Securities reissued a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. Wedbush reiterated an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Finally, Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $209.13.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 11,764 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the transaction, the insider now owns 49,037 shares of the company’s stock, valued at approximately $8,181,333.08. This represents a 19.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,812 shares of company stock worth $19,336,979. 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.