Guggenheim Capital LLC Sells 79,278 Shares of Alphabet Inc. (NASDAQ:GOOG)

Guggenheim Capital LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 641,188 shares of the information services provider’s stock after selling 79,278 shares during the quarter. Alphabet accounts for approximately 1.0% of Guggenheim Capital LLC’s investment portfolio, making the stock its 13th biggest position. Guggenheim Capital LLC’s holdings in Alphabet were worth $122,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet during the fourth quarter worth $27,000. LSV Asset Management acquired a new stake in Alphabet during the 4th quarter worth about $27,000. WealthTrak Capital Management LLC bought a new stake in Alphabet in the fourth quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Alphabet in the 4th quarter valued at $39,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Alphabet during the fourth quarter valued at about $43,000. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $161.90, for a total transaction of $32,380.00. Following the transaction, the director now directly owns 7,613 shares of the company’s stock, valued at approximately $1,232,544.70. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,497 shares of company stock valued at $20,837,150 in the last 90 days. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Oppenheimer upped their target price on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Scotiabank upped their price target on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $208.71.

Alphabet Stock Performance

Shares of GOOG stock opened at $161.47 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The stock has a 50 day moving average price of $169.86 and a two-hundred day moving average price of $177.96. The company has a market capitalization of $1.97 trillion, a P/E ratio of 20.06, a PEG ratio of 1.34 and a beta of 1.04.

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, topping 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%. Analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. Alphabet’s dividend payout ratio is presently 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.