Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Burney Co.

Burney Co. decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 274,743 shares of the information services provider’s stock after selling 2,301 shares during the period. Alphabet makes up approximately 1.8% of Burney Co.’s holdings, making the stock its 5th biggest position. Burney Co.’s holdings in Alphabet were worth $52,009,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GOOGL. Lantz Financial LLC increased its stake in Alphabet by 10.8% in the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after purchasing an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC acquired a new position in Alphabet during the 2nd quarter worth approximately $218,000. Foster & Motley Inc. boosted its holdings in Alphabet by 4.1% in the second quarter. Foster & Motley Inc. now owns 9,187 shares of the information services provider’s stock worth $1,673,000 after acquiring an additional 366 shares in the last quarter. Journey Advisory Group LLC grew its stake in Alphabet by 156.9% in the second quarter. Journey Advisory Group LLC now owns 48,966 shares of the information services provider’s stock valued at $8,919,000 after acquiring an additional 29,903 shares during the period. Finally, Prospect Hill Management LLC increased its holdings in shares of Alphabet by 0.4% during the second quarter. Prospect Hill Management LLC now owns 27,220 shares of the information services provider’s stock valued at $4,958,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 1.4 %

Shares of GOOGL opened at $192.91 on Friday. The company has a market capitalization of $2.36 trillion, a P/E ratio of 25.58, a P/E/G ratio of 1.22 and a beta of 0.98. 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 $130.66 and a 1-year high of $201.42. The firm’s 50 day simple moving average is $183.83 and its 200 day simple moving average is $173.20.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the prior year, the business earned $1.55 EPS. Sell-side analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Alphabet’s payout ratio is 10.61%.

Analyst Ratings Changes

Several research analysts have weighed in on GOOGL shares. Morgan Stanley upped their price objective on shares of Alphabet from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company boosted their price objective on Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday. Bank of America restated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Monday, December 23rd. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.15.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the transaction, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This trade represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Arnold sold 441 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the sale, the director now directly owns 16,490 shares of the company’s stock, valued at $2,820,779.40. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,387 shares of company stock valued at $24,368,654. Corporate insiders own 11.55% of the company’s stock.

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.