VisionPoint Advisory Group LLC Sells 663 Shares of Alphabet Inc. (NASDAQ:GOOG)

VisionPoint Advisory Group LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 17,587 shares of the information services provider’s stock after selling 663 shares during the period. Alphabet makes up about 1.1% of VisionPoint Advisory Group LLC’s investment portfolio, making the stock its 17th largest position. VisionPoint Advisory Group LLC’s holdings in Alphabet were worth $3,353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Swedbank AB increased its holdings in Alphabet by 0.6% in the 3rd quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock worth $1,394,181,000 after buying an additional 51,226 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of Alphabet by 2.0% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 56,210 shares of the information services provider’s stock valued at $9,398,000 after acquiring an additional 1,103 shares during the last quarter. Viewpoint Capital Management LLC boosted its holdings in shares of Alphabet by 16.4% during the 3rd quarter. Viewpoint Capital Management LLC now owns 7,193 shares of the information services provider’s stock valued at $1,189,000 after acquiring an additional 1,012 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Alphabet by 15,926.6% in the third quarter. Pathway Financial Advisers LLC now owns 594,907 shares of the information services provider’s stock worth $99,463,000 after acquiring an additional 591,195 shares during the period. Finally, First Bank & Trust lifted its position in Alphabet by 0.5% during the third quarter. First Bank & Trust now owns 28,076 shares of the information services provider’s stock valued at $4,694,000 after purchasing an additional 127 shares during the period. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 approximately $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,299 shares of company stock valued at $25,055,751. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 0.2 %

Shares of Alphabet stock opened at $181.19 on Tuesday. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $2.21 trillion, a P/E ratio of 22.51, a P/E/G ratio of 1.34 and a beta of 1.00. The company has a fifty day moving average of $193.68 and a 200 day moving average of $177.58.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of research reports. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. UBS Group upped their price objective on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Scotiabank upped their price target on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Finally, Pivotal Research increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.