Zevin Asset Management LLC Sells 450 Shares of Alphabet Inc. (NASDAQ:GOOG)

Zevin Asset Management LLC cut its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.3% during the fourth quarter, HoldingsChannel reports. The fund owned 131,918 shares of the information services provider’s stock after selling 450 shares during the quarter. Alphabet comprises approximately 3.7% of Zevin Asset Management LLC’s holdings, making the stock its 8th biggest position. Zevin Asset Management LLC’s holdings in Alphabet were worth $25,122,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Weiss Asset Management LP acquired a new position in shares of Alphabet in the third quarter worth $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet in the fourth quarter worth $27,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Alphabet in the third quarter worth $33,000. Noble Wealth Management PBC acquired a new position in shares of Alphabet in the fourth quarter worth $43,000. Finally, FPC Investment Advisory Inc. increased its stake in shares of Alphabet by 287.9% in the fourth quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock worth $46,000 after acquiring an additional 167 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,882 shares of company stock valued at $17,934,130 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Up 1.8 %

Shares of GOOG opened at $167.62 on Friday. The company has a 50-day simple moving average of $187.41 and a 200-day simple moving average of $177.92. The firm has a market capitalization of $2.04 trillion, a P/E ratio of 20.82, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52 week low of $141.13 and a 52 week high of $208.70.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. On average, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GOOG. Oppenheimer upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Scotiabank upped 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 reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Benchmark reiterated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $209.13.

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.