FDx Advisors Inc. Has $771,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

FDx Advisors Inc. lessened its position in Alphabet Inc. (NASDAQ:GOOG) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,046 shares of the information services provider’s stock after selling 431 shares during the quarter. FDx Advisors Inc.’s holdings in Alphabet were worth $771,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swedbank AB grew its stake in Alphabet by 0.6% in the third quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after purchasing an additional 51,226 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Alphabet by 2.0% in the third quarter. NorthCrest Asset Manangement LLC now owns 56,210 shares of the information services provider’s stock valued at $9,398,000 after purchasing an additional 1,103 shares in the last quarter. Viewpoint Capital Management LLC grew its stake in Alphabet by 16.4% in the third quarter. Viewpoint Capital Management LLC now owns 7,193 shares of the information services provider’s stock valued at $1,189,000 after purchasing an additional 1,012 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in Alphabet by 15,926.6% in the third quarter. Pathway Financial Advisers LLC now owns 594,907 shares of the information services provider’s stock valued at $99,463,000 after purchasing an additional 591,195 shares in the last quarter. Finally, First Bank & Trust grew its stake in Alphabet by 0.5% in the third quarter. First Bank & Trust now owns 28,076 shares of the information services provider’s stock valued at $4,694,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $181.19 on Tuesday. The stock has a fifty day moving average price of $193.68 and a 200-day moving average price of $177.58. The company has a market cap of $2.21 trillion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,299 shares of company stock valued at $25,055,751 in the last ninety days. 12.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Pivotal Research lifted their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Benchmark reiterated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.