Checchi Capital Advisers LLC Has $9.36 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Checchi Capital Advisers LLC trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,132 shares of the information services provider’s stock after selling 364 shares during the period. Checchi Capital Advisers LLC’s holdings in Alphabet were worth $9,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LifeGoal Wealth Advisors acquired a new stake in Alphabet in the fourth quarter valued at $896,000. Impact Investors Inc acquired a new stake in Alphabet during the 4th quarter worth about $274,000. Bryn Mawr Capital Management LLC grew its holdings in Alphabet by 6.1% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 81,046 shares of the information services provider’s stock worth $15,434,000 after acquiring an additional 4,659 shares during the period. Siligmueller & Norvid Wealth Advisors LLC acquired a new stake in Alphabet during the 4th quarter worth about $245,000. Finally, Kellett Wealth Advisors LLC acquired a new stake in Alphabet during the 4th quarter worth about $454,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,309 shares of company stock worth $25,057,490 in the last 90 days. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOG. Wedbush reiterated an “outperform” rating and set a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Benchmark reiterated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Oppenheimer increased their price target on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Price Performance

GOOG stock opened at $172.22 on Friday. The company has a market capitalization of $2.10 trillion, a P/E ratio of 21.39, a price-to-earnings-growth 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 52-week low of $131.55 and a 52-week high of $208.70. The business has a 50-day simple moving average of $192.17 and a two-hundred day simple moving average of $177.73.

Alphabet (NASDAQ:GOOG) last released its quarterly 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 return on equity of 32.49% and a net margin of 28.60%. Research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet’s payout ratio is presently 9.94%.

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.