Alphabet Inc. (NASDAQ:GOOGL) Stock Position Reduced by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 507,667 shares of the information services provider’s stock after selling 12,879 shares during the period. Alphabet accounts for approximately 6.9% of JTC Employer Solutions Trustee Ltd’s holdings, making the stock its 3rd largest position. JTC Employer Solutions Trustee Ltd’s holdings in Alphabet were worth $97,080,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. LMR Partners LLP bought a new stake in shares of Alphabet during the 3rd quarter worth $32,000. Denver PWM LLC bought a new stake in shares of Alphabet during the 2nd quarter worth $41,000. Quarry LP bought a new stake in shares of Alphabet during the 2nd quarter worth $53,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Alphabet during the 3rd quarter worth $66,000. Finally, Mendota Financial Group LLC boosted its holdings in shares of Alphabet by 19.0% during the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after buying an additional 64 shares during the period. 40.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Loop Capital increased their price target on shares of Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. China Renaissance raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Piper Sandler restated an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein increased their price objective on shares of Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.15.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares of the company’s stock, valued at $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the transaction, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. This trade represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 154,387 shares of company stock worth $27,748,931 over the last ninety days. Insiders own 11.55% of the company’s stock.

Alphabet Stock Down 1.4 %

GOOGL stock traded down $2.77 during mid-day trading on Monday, hitting $189.27. 9,460,828 shares of the company were exchanged, compared to its average volume of 22,216,131. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42. The firm has a market cap of $2.32 trillion, a P/E ratio of 25.10, a P/E/G ratio of 1.35 and a beta of 0.98. The firm’s 50 day simple moving average is $182.62 and its 200 day simple moving average is $172.95.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same period last year, the company earned $1.55 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

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.