Oakcliff Capital Partners LP Sells 719 Shares of Alphabet Inc. (NASDAQ:GOOG)

Oakcliff Capital Partners LP decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 118,161 shares of the information services provider’s stock after selling 719 shares during the period. Alphabet accounts for about 11.5% of Oakcliff Capital Partners LP’s portfolio, making the stock its 4th largest holding. Oakcliff Capital Partners LP’s holdings in Alphabet were worth $22,503,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. KeyCorp reduced their price objective on Alphabet from $202.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Scotiabank decreased their price target on shares of Alphabet from $232.00 to $200.00 and set a “sector outperform” rating for the company in a research report on Monday, April 21st. Westpark Capital restated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $171.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $203.94.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s 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 transaction, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This represents a 1.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $161.90, for a total value of $32,380.00. Following the completion of the sale, the director now directly owns 7,613 shares of the company’s stock, valued at approximately $1,232,544.70. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,324 shares of company stock worth $30,153,353. Insiders own 12.99% of the company’s stock.

Alphabet Stock Up 3.4%

Alphabet stock opened at $159.58 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. The stock has a market cap of $1.94 trillion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The firm’s 50-day simple moving average is $160.65 and its 200 day simple moving average is $176.97.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period last year, the business posted $1.89 earnings per share. Alphabet’s revenue was up 12.0% on a year-over-year basis. Research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.53%. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio is presently 9.36%.

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.