Fi3 FINANCIAL ADVISORS LLC Sells 556 Shares of Alphabet Inc. (NASDAQ:GOOG)

Fi3 FINANCIAL ADVISORS LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 14.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,281 shares of the information services provider’s stock after selling 556 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Alphabet were worth $462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dakota Wealth Management raised its position in Alphabet by 13.9% in the third quarter. Dakota Wealth Management now owns 152,936 shares of the information services provider’s stock worth $20,165,000 after acquiring an additional 18,671 shares during the period. Mayfair Advisory Group LLC lifted its position in Alphabet by 25.6% during the third quarter. Mayfair Advisory Group LLC now owns 2,210 shares of the information services provider’s stock valued at $308,000 after purchasing an additional 450 shares in the last quarter. Verus Financial Partners Inc. bought a new stake in Alphabet during the third quarter valued at about $200,000. Financial Management Network Inc. increased its position in Alphabet by 4.5% in the third quarter. Financial Management Network Inc. now owns 17,940 shares of the information services provider’s stock worth $2,445,000 after buying an additional 770 shares in the last quarter. Finally, Canvas Wealth Advisors LLC raised its stake in shares of Alphabet by 1.5% in the third quarter. Canvas Wealth Advisors LLC now owns 8,010 shares of the information services provider’s stock worth $1,095,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Up 0.0 %

Alphabet stock traded up $0.03 during mid-day trading on Monday, reaching $169.02. 10,096,434 shares of the company were exchanged, compared to its average volume of 22,693,281. The firm has a market cap of $2.09 trillion, a P/E ratio of 25.86, a PEG ratio of 1.26 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet Inc. has a 12-month low of $105.79 and a 12-month high of $176.42. The business has a fifty day moving average of $151.46 and a 200 day moving average of $143.74.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. Alphabet’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS. Research analysts anticipate that Alphabet Inc. will post 7.66 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 10th.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total value of $3,753,000.00. Following the transaction, the chief executive officer now directly owns 2,280,511 shares of the company’s stock, valued at $380,389,234.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total value of $3,753,000.00. Following the sale, the chief executive officer now directly owns 2,280,511 shares of the company’s stock, valued at $380,389,234.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 275,129 shares of company stock valued at $40,382,765. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GOOG. Raymond James increased their price target on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Oppenheimer upped their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Stifel Nicolaus raised their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Susquehanna lifted their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alphabet presently 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.