Swisher Financial Concepts Inc. Sells 632 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Swisher Financial Concepts Inc. lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,657 shares of the information services provider’s stock after selling 632 shares during the period. Alphabet comprises about 1.3% of Swisher Financial Concepts Inc.’s portfolio, making the stock its 17th biggest holding. Swisher Financial Concepts Inc.’s holdings in Alphabet were worth $1,071,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bennett Selby Investments LP increased its stake in Alphabet by 4.0% in the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider’s stock valued at $256,000 after purchasing an additional 52 shares in the last quarter. Macroview Investment Management LLC grew its stake in shares of Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider’s stock valued at $245,000 after buying an additional 52 shares during the period. Conrad Siegel Investment Advisors Inc. increased its position in Alphabet by 0.5% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider’s stock valued at $1,864,000 after buying an additional 53 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider’s stock worth $457,000 after buying an additional 53 shares during the period. Finally, Addison Advisors LLC raised its stake in Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider’s stock worth $1,425,000 after buying an additional 53 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOGL stock opened at $157.14 on Monday. The firm’s 50 day moving average is $168.52 and its 200 day moving average is $176.31. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 19.52, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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, sell-side analysts anticipate 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. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. 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 dividend payout ratio is currently 9.94%.

Analyst Ratings Changes

Several equities research analysts have recently commented on GOOGL shares. DA Davidson boosted their price objective on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Rosenblatt Securities reissued a “neutral” rating and issued a $205.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Citigroup lowered their price objective on shares of Alphabet from $229.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday. Bank of America reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $206.51.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,297 shares of company stock worth $20,804,770 over the last ninety days. Company insiders own 11.55% of the company’s stock.

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.