Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Natixis

Natixis lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 79.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 310,781 shares of the information services provider’s stock after selling 1,168,075 shares during the period. Natixis’ holdings in Alphabet were worth $59,185,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Fiduciary Advisors Inc. purchased a new position in Alphabet in the 4th quarter worth about $27,000. LSV Asset Management purchased a new position in shares of Alphabet in the fourth quarter worth approximately $27,000. WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at approximately $38,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC acquired a new position in Alphabet in the 4th quarter worth approximately $43,000. Institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,163 shares of company stock worth $25,361,647. 12.99% of the stock is owned by insiders.

Alphabet Trading Down 1.4 %

Alphabet stock opened at $153.36 on Friday. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The company’s fifty day moving average price is $167.16 and its two-hundred day moving average price is $177.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GOOG shares. Wedbush reissued an “outperform” rating and set a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Benchmark reissued a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer raised their price objective on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Westpark Capital assumed coverage on Alphabet in a report on Tuesday, April 1st. They issued a “buy” rating and a $210.00 target price on the stock. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $210.88.

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.