Rosenblum Silverman Sutton S F Inc. CA Trims Stake in Alphabet Inc. (NASDAQ:GOOGL)

Rosenblum Silverman Sutton S F Inc. CA lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,090 shares of the information services provider’s stock after selling 1,045 shares during the period. Alphabet comprises approximately 3.0% of Rosenblum Silverman Sutton S F Inc. CA’s investment portfolio, making the stock its 12th largest holding. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Alphabet were worth $11,754,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Alphabet in the fourth quarter valued at approximately $24,383,677,000. Wellington Management Group LLP lifted its position in shares of Alphabet by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 66,050,135 shares of the information services provider’s stock valued at $12,503,291,000 after buying an additional 9,042,271 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Alphabet by 20,990.0% in the 4th quarter. Proficio Capital Partners LLC now owns 6,186,748 shares of the information services provider’s stock valued at $1,171,151,000 after acquiring an additional 6,157,413 shares during the period. Amundi increased its holdings in Alphabet by 18.7% in the 4th quarter. Amundi now owns 29,866,698 shares of the information services provider’s stock worth $5,792,317,000 after acquiring an additional 4,694,621 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock worth $10,559,240,000 after acquiring an additional 4,567,275 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GOOGL shares. Bank of America reiterated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. Roth Mkm reiterated a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. DZ Bank downgraded Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price on the stock. in a research report on Thursday, February 6th. Finally, Wells Fargo & Company dropped their price target on Alphabet from $184.00 to $167.00 and set an “equal weight” rating for the company in a research report on Monday, March 31st. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.51.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the transaction, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,797 shares of company stock worth $21,089,470 in the last quarter. 11.55% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of Alphabet stock opened at $157.14 on Friday. The stock has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. 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 business has a 50-day moving average of $168.52 and a 200 day moving average of $176.22. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet’s payout ratio is 9.94%.

Alphabet Profile

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.