CAP Partners LLC Sells 169 Shares of Alphabet Inc. (NASDAQ:GOOG)

CAP Partners LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,923 shares of the information services provider’s stock after selling 169 shares during the period. Alphabet comprises 1.3% of CAP Partners LLC’s portfolio, making the stock its 22nd largest position. CAP Partners LLC’s holdings in Alphabet were worth $1,890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning increased its position in shares of Alphabet by 6.4% during the third quarter. Creative Planning now owns 1,544,297 shares of the information services provider’s stock valued at $256,177,000 after buying an additional 92,556 shares during the period. Swedbank AB increased its position in shares of Alphabet by 0.6% during 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 buying an additional 51,226 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Alphabet by 9.8% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 4,861 shares of the information services provider’s stock valued at $813,000 after buying an additional 434 shares during the period. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of Alphabet during the third quarter valued at about $232,000. Finally, SPC Financial Inc. increased its position in shares of Alphabet by 16.6% during the third quarter. SPC Financial Inc. now owns 1,825 shares of the information services provider’s stock valued at $305,000 after buying an additional 260 shares during the period. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet 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 completion of the sale, the director now owns 282,832 shares in the company, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,529 shares of company stock worth $16,600,078. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Down 0.5 %

Shares of Alphabet stock opened at $186.87 on Friday. The company’s fifty day simple moving average is $194.16 and its 200-day simple moving average is $176.54. The stock has a market capitalization of $2.29 trillion, a PE ratio of 23.21, a P/E/G ratio of 1.39 and a beta of 1.00. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Analysts Set New Price Targets

GOOG has been the topic of a number of recent research reports. Jefferies Financial Group upped their price objective on shares of Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Citigroup upped their price objective on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Oppenheimer upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Wedbush restated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet presently 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.