Yarger Wealth Strategies LLC Sells 115 Shares of Alphabet Inc. (NASDAQ:GOOG)

Yarger Wealth Strategies LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,401 shares of the information services provider’s stock after selling 115 shares during the quarter. Yarger Wealth Strategies LLC’s holdings in Alphabet were worth $1,219,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GOOG. Beck Bode LLC raised its position in Alphabet by 7.1% during the 2nd quarter. Beck Bode LLC now owns 67,523 shares of the information services provider’s stock valued at $12,385,000 after purchasing an additional 4,456 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in shares of Alphabet by 56.1% during the second quarter. Bridges Investment Management Inc. now owns 438,366 shares of the information services provider’s stock valued at $80,405,000 after acquiring an additional 157,453 shares in the last quarter. Waters Parkerson & CO. LLC lifted its stake in Alphabet by 2.5% in the second quarter. Waters Parkerson & CO. LLC now owns 23,516 shares of the information services provider’s stock worth $4,313,000 after acquiring an additional 582 shares during the period. Simplify Asset Management Inc. bought a new stake in Alphabet in the second quarter valued at $233,000. Finally, Elite Wealth Management Inc. increased its position in Alphabet by 33.1% during the 2nd quarter. Elite Wealth Management Inc. now owns 46,609 shares of the information services provider’s stock valued at $8,549,000 after purchasing an additional 11,602 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOG has been the topic of a number of research reports. Citigroup lifted their target price on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group upped their target price on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Scotiabank assumed coverage on Alphabet in a research note on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 target price for the company. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Pivotal Research raised their price objective on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $200.56.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares in the company, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the transaction, the director now directly owns 23,324 shares in the company, valued at $4,529,987.28. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,387 shares of company stock valued at $24,368,654. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Up 1.6 %

GOOG stock opened at $197.55 on Friday. The stock has a market capitalization of $2.42 trillion, a P/E ratio of 26.20, a P/E/G ratio of 1.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $202.88. The business has a fifty day moving average price of $185.92 and a 200-day moving average price of $174.93.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Alphabet’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 EPS. Equities analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

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.