FDx Advisors Inc. Sells 431 Shares of Alphabet Inc. (NASDAQ:GOOG)

FDx Advisors Inc. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.6% during the 4th quarter, HoldingsChannel reports. The firm owned 4,046 shares of the information services provider’s stock after selling 431 shares during the period. FDx Advisors Inc.’s holdings in Alphabet were worth $771,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cromwell Holdings LLC grew its holdings in shares of Alphabet by 2.8% during the 4th quarter. Cromwell Holdings LLC now owns 13,712 shares of the information services provider’s stock valued at $2,611,000 after purchasing an additional 375 shares during the last quarter. Aspen Investment Management Inc boosted its position in Alphabet by 1.7% during the 4th quarter. Aspen Investment Management Inc now owns 3,595 shares of the information services provider’s stock worth $685,000 after buying an additional 60 shares during the period. Prakash Investment Advisors LLC acquired a new stake in Alphabet during the 4th quarter worth approximately $1,668,000. Parcion Private Wealth LLC boosted its position in Alphabet by 0.5% during the 4th quarter. Parcion Private Wealth LLC now owns 16,989 shares of the information services provider’s stock worth $3,235,000 after buying an additional 78 shares during the period. Finally, Pacific Sun Financial Corp boosted its position in Alphabet by 2.3% during the 4th quarter. Pacific Sun Financial Corp now owns 2,838 shares of the information services provider’s stock worth $540,000 after buying an additional 65 shares during the period. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction of $291,330.00. Following the sale, the director now owns 23,324 shares of the company’s stock, valued at $4,529,987.28. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,299 shares of company stock worth $25,055,751. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Down 0.2 %

Alphabet stock opened at $181.19 on Tuesday. 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 Inc. has a 12-month low of $131.55 and a 12-month high of $208.70. The firm’s fifty day moving average is $193.68 and its 200 day moving average is $177.58. The company has a market capitalization of $2.21 trillion, a PE ratio of 22.51, a PEG ratio of 1.34 and a beta of 1.00.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analysts Set New Price Targets

Several equities research analysts recently commented on GOOG shares. Scotiabank lifted their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Canaccord Genuity Group lifted their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Pivotal Research lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $209.13.

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.