Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Vivaldi Capital Management LP

Vivaldi Capital Management LP lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,234 shares of the information services provider’s stock after selling 2,811 shares during the quarter. Vivaldi Capital Management LP’s holdings in Alphabet were worth $1,937,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Partnership Wealth Management LLC purchased a new position in Alphabet during the fourth quarter valued at approximately $26,000. Bruce G. Allen Investments LLC purchased a new position in Alphabet during the fourth quarter valued at approximately $26,000. Equitec Proprietary Markets LLC purchased a new position in Alphabet during the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $32,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG traded up $1.56 during trading on Tuesday, reaching $178.19. The stock had a trading volume of 14,390,707 shares, compared to its average volume of 21,439,945. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The business has a fifty day moving average price of $168.21 and a 200-day moving average price of $151.65. The stock has a market cap of $2.20 trillion, a PE ratio of 27.33, a PEG ratio of 1.31 and a beta of 1.01. Alphabet Inc. has a 1-year low of $115.83 and a 1-year high of $179.95.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 7.69 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insiders Place Their Bets

In other news, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider John Kent Walker sold 12,084 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the sale, the insider now owns 48,717 shares in the company, valued at approximately $7,365,523.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares in the company, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,458 shares of company stock valued at $25,538,973. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GOOG. Oppenheimer boosted their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus boosted their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley restated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet currently has an average rating of “Buy” and a consensus price target of $165.67.

Alphabet Company 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.