Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Lowered by Pennsylvania Capital Management Inc. ADV

Pennsylvania Capital Management Inc. ADV lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,679 shares of the information services provider’s stock after selling 371 shares during the quarter. Alphabet comprises about 0.6% of Pennsylvania Capital Management Inc. ADV’s portfolio, making the stock its 25th biggest holding. Pennsylvania Capital Management Inc. ADV’s holdings in Alphabet were worth $1,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of GOOG. Pinnacle Bancorp Inc. lifted its holdings in Alphabet by 24.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 18,520 shares of the information services provider’s stock valued at $3,096,000 after acquiring an additional 3,582 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in Alphabet by 0.3% in the 3rd quarter. Contravisory Investment Management Inc. now owns 50,806 shares of the information services provider’s stock valued at $8,494,000 after acquiring an additional 142 shares during the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in Alphabet in the 3rd quarter valued at about $6,866,000. Private Advisory Group LLC lifted its holdings in Alphabet by 7.6% in the 3rd quarter. Private Advisory Group LLC now owns 182,335 shares of the information services provider’s stock valued at $30,485,000 after acquiring an additional 12,919 shares during the last quarter. Finally, Westwind Capital lifted its holdings in Alphabet by 381.6% in the 3rd quarter. Westwind Capital now owns 119,328 shares of the information services provider’s stock valued at $19,950,000 after acquiring an additional 94,550 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,529 shares of company stock worth $16,600,078. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of GOOG opened at $187.14 on Friday. The business’s 50-day moving average is $192.78 and its 200-day moving average is $176.15. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The company has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 1.32 and a beta of 1.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Equities research analysts expect that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Alphabet’s dividend payout ratio is currently 10.61%.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Citigroup upped their price target on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Pivotal Research upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $209.13.

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.