Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC lowered its position in Alphabet Inc. (NASDAQ:GOOG) by 46.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,271 shares of the information services provider’s stock after selling 3,768 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in Alphabet were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Chemistry Wealth Management LLC increased its stake in shares of Alphabet by 0.7% in the fourth quarter. Chemistry Wealth Management LLC now owns 105,498 shares of the information services provider’s stock valued at $20,091,000 after purchasing an additional 759 shares during the period. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Alphabet by 113.4% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 27,682 shares of the information services provider’s stock valued at $5,272,000 after acquiring an additional 14,708 shares in the last quarter. Avanza Fonder AB bought a new position in shares of Alphabet in the fourth quarter valued at approximately $62,647,000. Procyon Advisors LLC boosted its holdings in shares of Alphabet by 0.9% in the fourth quarter. Procyon Advisors LLC now owns 70,939 shares of the information services provider’s stock valued at $13,510,000 after acquiring an additional 617 shares in the last quarter. Finally, Everpar Advisors LLC boosted its holdings in shares of Alphabet by 1.9% in the fourth quarter. Everpar Advisors LLC now owns 13,662 shares of the information services provider’s stock valued at $2,602,000 after acquiring an additional 258 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Scotiabank assumed coverage on shares of Alphabet in a report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price objective for the company. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Pivotal Research increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Citigroup raised their target price on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at approximately $3,468,029.04. This trade represents a 13.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now owns 282,832 shares in the company, valued at $52,329,576.64. This represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,387 shares of company stock worth $24,368,654. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Up 1.6 %

GOOG stock opened at $197.55 on Friday. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $202.88. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.42 trillion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.21 and a beta of 0.99. The company has a 50 day moving average of $185.92 and a two-hundred day moving average of $174.93.

Alphabet (NASDAQ:GOOG) last released its earnings results 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. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. On average, equities analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. 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.