Spreng Capital Management Inc. Has $637,000 Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Spreng Capital Management Inc. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 10.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,345 shares of the information services provider’s stock after selling 375 shares during the period. Spreng Capital Management Inc.’s holdings in Alphabet were worth $637,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. TRUE Private Wealth Advisors raised its position in shares of Alphabet by 1.1% in the 4th quarter. TRUE Private Wealth Advisors now owns 11,672 shares of the information services provider’s stock valued at $2,223,000 after buying an additional 122 shares in the last quarter. Winslow Capital Management LLC lifted its stake in Alphabet by 5.2% during the fourth quarter. Winslow Capital Management LLC now owns 3,888,268 shares of the information services provider’s stock worth $740,482,000 after purchasing an additional 190,847 shares during the last quarter. Tandem Investment Partners LLC bought a new position in shares of Alphabet in the 4th quarter valued at $1,187,000. Straightline Group LLC bought a new stake in shares of Alphabet during the 4th quarter worth $422,000. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $564,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.65.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. The trade was a 1.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the sale, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at $2,377,014.99. The trade was a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,797 shares of company stock worth $21,089,470. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Performance

GOOG opened at $146.58 on Wednesday. The firm has a market cap of $1.79 trillion, a P/E ratio of 18.21, a PEG ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a 50 day simple moving average of $174.13 and a two-hundred day simple moving average of $178.10. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70.

Alphabet (NASDAQ:GOOG) last announced 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 net margin of 28.60% and a return on equity of 32.49%. Equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.55%. Alphabet’s dividend payout ratio (DPR) 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.