Stonehage Fleming Financial Services Holdings Ltd Sells 22,425 Shares of Alphabet Inc. $GOOGL

Stonehage Fleming Financial Services Holdings Ltd trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,959 shares of the information services provider’s stock after selling 22,425 shares during the quarter. Alphabet makes up 1.7% of Stonehage Fleming Financial Services Holdings Ltd’s holdings, making the stock its 16th biggest holding. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Alphabet were worth $56,014,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. PMV Capital Advisers LLC acquired a new stake in Alphabet during the 4th quarter worth approximately $38,000. iSAM Funds UK Ltd bought a new stake in Alphabet during the 3rd quarter worth approximately $53,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Alphabet in the 3rd quarter valued at approximately $53,000. Corsicana & Co. acquired a new position in Alphabet in the 3rd quarter valued at approximately $54,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Alphabet during the third quarter valued at $63,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GOOGL. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a report on Monday, February 9th. Daiwa Securities Group increased their price objective on Alphabet from $333.00 to $380.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. KeyCorp set a $370.00 target price on Alphabet and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Citigroup lifted their target price on Alphabet from $350.00 to $390.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Robert W. Baird upped their price target on Alphabet from $375.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $368.06.

Check Out Our Latest Stock Analysis on Alphabet

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $287.56 on Wednesday. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00. The firm has a fifty day simple moving average of $311.25 and a 200 day simple moving average of $295.96. The company has a market capitalization of $3.48 trillion, a PE ratio of 26.60, a P/E/G ratio of 1.60 and a beta of 1.10. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. The business had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s payout ratio is currently 7.77%.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total value of $9,877,400.00. Following the completion of the sale, the chief executive officer directly owned 2,818,524 shares in the company, valued at approximately $856,605,814.08. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,092,234 shares of company stock worth $112,487,971 over the last three months. Insiders own 11.55% of the company’s stock.

Alphabet Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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