Alphabet Inc. (NASDAQ:GOOG) Stock Position Decreased by Harrington Investments INC

Harrington Investments INC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,733 shares of the information services provider’s stock after selling 1,287 shares during the quarter. Alphabet makes up approximately 3.2% of Harrington Investments INC’s investment portfolio, making the stock its 7th largest position. Harrington Investments INC’s holdings in Alphabet were worth $5,853,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GOOG. Van Strum & Towne Inc. purchased a new position in Alphabet in the 4th quarter worth approximately $297,000. Copperwynd Financial LLC increased its holdings in shares of Alphabet by 2.8% in the fourth quarter. Copperwynd Financial LLC now owns 9,169 shares of the information services provider’s stock valued at $1,746,000 after purchasing an additional 248 shares during the last quarter. Montis Financial LLC lifted its position in Alphabet by 24.2% during the fourth quarter. Montis Financial LLC now owns 9,632 shares of the information services provider’s stock worth $1,834,000 after buying an additional 1,875 shares in the last quarter. Brandes Investment Partners LP boosted its stake in Alphabet by 1.2% during the fourth quarter. Brandes Investment Partners LP now owns 424,096 shares of the information services provider’s stock worth $80,765,000 after buying an additional 5,163 shares during the last quarter. Finally, Greatmark Investment Partners Inc. grew its holdings in Alphabet by 44.1% in the 4th quarter. Greatmark Investment Partners Inc. now owns 7,104 shares of the information services provider’s stock valued at $1,353,000 after buying an additional 2,175 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent research reports. Oppenheimer boosted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush restated 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. Finally, Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. One equities 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. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Stock Performance

Shares of GOOG stock opened at $167.62 on Friday. Alphabet Inc. has a 52 week low of $141.13 and a 52 week high of $208.70. The firm has a 50 day moving average of $187.41 and a two-hundred day moving average of $177.92. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.04 trillion, a PE ratio of 20.82, a P/E/G ratio of 1.34 and a beta of 1.03.

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 return on equity of 32.49% and a net margin of 28.60%. On average, research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,374 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the sale, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,606,213.28. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,882 shares of company stock valued at $17,934,130. Insiders own 12.99% of the company’s stock.

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.