Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,845 shares of the information services provider’s stock after selling 1,487 shares during the quarter. Alphabet accounts for approximately 5.0% of Foyston Gordon & Payne Inc’s holdings, making the stock its 7th biggest holding. Foyston Gordon & Payne Inc’s holdings in Alphabet were worth $18,711,000 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 company. Compass Planning Associates Inc bought a new stake in Alphabet in the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $39,000. PayPay Securities Corp lifted its stake in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Anderson Financial Strategies LLC acquired a new position in Alphabet in the fourth quarter worth $49,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,824 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total transaction of $529,302.32. Following the completion of the sale, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,815,948.32. This trade represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 179,324 shares of company stock valued at $30,153,353. Corporate insiders own 11.64% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $152.75 on Friday. The company has a 50-day moving average of $158.93 and a two-hundred day moving average of $175.10. The stock has a market cap of $1.85 trillion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the business posted $1.89 EPS. On average, equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The firm 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. This represents a $0.84 annualized dividend and a yield of 0.55%. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s payout ratio is presently 9.36%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group set a $195.00 price target on shares of Alphabet in a research report on Friday, April 25th. Susquehanna decreased their target price on Alphabet from $225.00 to $220.00 and set a “positive” rating for the company in a research note on Friday, April 25th. Wedbush set a $190.00 price target on Alphabet and gave the stock an “outperform” rating in a research report on Tuesday, April 15th. Needham & Company LLC restated a “buy” rating and set a $178.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $199.75.

About Alphabet

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.