Sepio Capital LP Has $12.64 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Sepio Capital LP trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,391 shares of the information services provider’s stock after selling 1,892 shares during the period. Alphabet makes up 1.0% of Sepio Capital LP’s portfolio, making the stock its 23rd biggest holding. Sepio Capital LP’s holdings in Alphabet were worth $12,644,000 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 the business. Weiss Asset Management LP acquired a new stake in Alphabet in the 3rd quarter valued at approximately $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $27,000. WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet during the fourth quarter worth $39,000. Finally, Noble Wealth Management PBC acquired a new position in Alphabet during the 4th quarter valued at $43,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the sale, the director now directly owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,797 shares of company stock valued at $21,089,470 over the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet Stock Down 3.2 %

Shares of NASDAQ:GOOG opened at $147.74 on Friday. Alphabet Inc. has a 12 month low of $147.54 and a 12 month high of $208.70. The firm has a market cap of $1.80 trillion, a P/E ratio of 18.35, a P/E/G ratio of 1.34 and a beta of 1.04. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $177.04 and its two-hundred day moving average price is $178.43.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GOOG shares. Westpark Capital assumed coverage on shares of Alphabet in a research report on Tuesday, April 1st. They issued a “buy” rating and a $210.00 price target on the stock. Scotiabank raised their price objective on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $208.65.

About Alphabet

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.