Dimension Capital Management LLC Sells 785 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Dimension Capital Management LLC trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,022 shares of the information services provider’s stock after selling 785 shares during the period. Dimension Capital Management LLC’s holdings in Alphabet were worth $1,329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of GOOGL. Compass Planning Associates Inc purchased a new position in Alphabet during the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in Alphabet during the fourth quarter valued at $39,000. PayPay Securities Corp grew its stake in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after buying an additional 65 shares in the last quarter. Finally, Anderson Financial Strategies LLC bought a new stake in shares of Alphabet in the 4th quarter worth about $49,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOGL has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $178.00 price target on shares of Alphabet in a report on Friday, April 25th. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research report on Tuesday. Roth Mkm reiterated a “buy” rating and set a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. JPMorgan Chase & Co. cut their target price on Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group set a $195.00 price target on shares of Alphabet in a report on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and five have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $199.46.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $151.38 on Thursday. The company’s fifty day moving average price is $159.54 and its 200 day moving average price is $175.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The firm has a market capitalization of $1.84 trillion, a P/E ratio of 18.80, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same period in the prior year, the company earned $1.89 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, June 9th. This is a boost from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio is 9.36%.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,824 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total transaction of $529,302.32. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at approximately $2,815,948.32. This trade represents a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,824 shares of company stock valued at $25,086,603 over the last three months. 11.64% of the stock is currently owned by company insiders.

Alphabet Company 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.