Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Lowered by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,420,835 shares of the information services provider’s stock after selling 45,287 shares during the quarter. Alphabet comprises about 3.0% of Gateway Investment Advisers LLC’s holdings, making the stock its 5th largest holding. Gateway Investment Advisers LLC’s holdings in Alphabet were worth $270,584,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Beck Bode LLC increased its stake in Alphabet by 7.1% during the 2nd quarter. Beck Bode LLC now owns 67,523 shares of the information services provider’s stock worth $12,385,000 after buying an additional 4,456 shares during the period. WCG Wealth Advisors LLC grew its stake in shares of Alphabet by 20.3% during the second quarter. WCG Wealth Advisors LLC now owns 26,937 shares of the information services provider’s stock valued at $4,941,000 after acquiring an additional 4,539 shares in the last quarter. Concorde Asset Management LLC purchased a new stake in shares of Alphabet during the second quarter worth about $218,000. Somerset Group LLC increased its position in shares of Alphabet by 1.5% during the second quarter. Somerset Group LLC now owns 10,501 shares of the information services provider’s stock worth $1,926,000 after acquiring an additional 156 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in Alphabet by 33.5% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 801 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now owns 282,832 shares in the company, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction on Friday, November 1st. The shares were sold at an average price of $171.42, for a total value of $234,331.14. Following the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. This trade represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock valued at $24,368,654 over the last 90 days. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of GOOG opened at $197.55 on Friday. The firm has a fifty day moving average of $185.56 and a 200-day moving average of $174.84. The company has a market cap of $2.42 trillion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $202.88.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. Alphabet’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Analyst Ratings Changes

GOOG has been the topic of several analyst reports. Canaccord Genuity Group lifted their price objective on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Oppenheimer increased their price objective on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

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.