Alphabet Inc. (NASDAQ:GOOGL) Position Reduced by PYA Waltman Capital LLC

PYA Waltman Capital LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,441 shares of the information services provider’s stock after selling 619 shares during the quarter. Alphabet accounts for 4.0% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 9th biggest position. PYA Waltman Capital LLC’s holdings in Alphabet were worth $9,700,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Aire Advisors LLC raised its holdings in Alphabet by 0.6% in the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock worth $1,645,000 after buying an additional 68 shares during the last quarter. Defined Wealth Management LLC raised its holdings in Alphabet by 2.9% in the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after buying an additional 71 shares during the last quarter. WealthCare Investment Partners LLC raised its holdings in Alphabet by 2.1% in the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock worth $482,000 after buying an additional 71 shares during the last quarter. Peoples Financial Services CORP. raised its holdings in Alphabet by 0.4% in the fourth quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock worth $2,331,000 after buying an additional 72 shares during the last quarter. Finally, RAM Investment Partners LLC raised its holdings in Alphabet by 1.0% in the fourth quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock worth $1,055,000 after buying an additional 73 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the transaction, the chief accounting officer now owns 28,602 shares in the company, valued at $3,903,886.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 2,100 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 252,629 shares of company stock valued at $37,091,240. Corporate insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

GOOGL opened at $169.38 on Thursday. The stock has a market capitalization of $2.09 trillion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.28 and a beta of 1.02. The company has a fifty day moving average of $151.40 and a 200 day moving average of $142.83. Alphabet Inc. has a fifty-two week low of $107.19 and a fifty-two week high of $174.71. 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 (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the company posted $1.17 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 7.57 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.47%. Alphabet’s payout ratio is 12.27%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GOOGL shares. Piper Sandler reissued an “overweight” rating and set a $200.00 price objective (up from $160.00) on shares of Alphabet in a report on Friday, April 26th. Needham & Company LLC boosted their price objective on shares of Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Canaccord Genuity Group boosted their price objective on shares of Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada boosted their price objective on shares of Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $190.60.

Alphabet 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.