Pecaut & CO. Cuts Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Pecaut & CO. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,502 shares of the information services provider’s stock after selling 6,323 shares during the quarter. Alphabet makes up approximately 4.4% of Pecaut & CO.’s holdings, making the stock its 6th largest position. Pecaut & CO.’s holdings in Alphabet were worth $12,855,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its position in Alphabet by 5.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 643,422 shares of the information services provider’s stock valued at $122,533,000 after acquiring an additional 30,775 shares in the last quarter. HUB Investment Partners LLC boosted its position in Alphabet by 1.2% during the 4th quarter. HUB Investment Partners LLC now owns 43,792 shares of the information services provider’s stock valued at $8,340,000 after acquiring an additional 507 shares in the last quarter. BluePointe Capital Management LLC boosted its position in Alphabet by 12.2% during the 4th quarter. BluePointe Capital Management LLC now owns 5,312 shares of the information services provider’s stock valued at $1,012,000 after acquiring an additional 579 shares in the last quarter. Condor Capital Management boosted its position in Alphabet by 0.5% during the 4th quarter. Condor Capital Management now owns 17,669 shares of the information services provider’s stock valued at $3,365,000 after acquiring an additional 82 shares in the last quarter. Finally, Symmetry Partners LLC boosted its position in Alphabet by 392.8% during the 4th quarter. Symmetry Partners LLC now owns 10,181 shares of the information services provider’s stock valued at $1,939,000 after acquiring an additional 8,115 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other news, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,048 shares of company stock worth $17,374,274. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of GOOG opened at $165.05 on Friday. The firm has a market cap of $2.01 trillion, a PE ratio of 20.50, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $184.91 and a two-hundred day simple moving average of $177.93. Alphabet Inc. has a 1-year low of $148.01 and a 1-year high of $208.70.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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%. On average, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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 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 0.48%. Alphabet’s dividend payout ratio is presently 9.94%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Scotiabank boosted their price target on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Oppenheimer boosted their price target on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $209.13.

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.