Leibman Financial Services Inc. Sells 981 Shares of Alphabet Inc. (NASDAQ:GOOG)

Leibman Financial Services Inc. cut its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,442 shares of the information services provider’s stock after selling 981 shares during the period. Alphabet accounts for approximately 3.5% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 5th largest holding. Leibman Financial Services Inc.’s holdings in Alphabet were worth $4,845,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Cullen Investment Group LTD. increased its holdings in shares of Alphabet by 1.2% during the fourth quarter. Cullen Investment Group LTD. now owns 99,699 shares of the information services provider’s stock valued at $18,987,000 after purchasing an additional 1,166 shares during the period. Dale Q Rice Investment Management Ltd acquired a new position in shares of Alphabet during the fourth quarter valued at $1,308,000. PSI Advisors LLC increased its holdings in shares of Alphabet by 3.2% during the fourth quarter. PSI Advisors LLC now owns 3,227 shares of the information services provider’s stock valued at $615,000 after purchasing an additional 101 shares during the period. Marcum Wealth LLC increased its holdings in shares of Alphabet by 5.8% during the fourth quarter. Marcum Wealth LLC now owns 19,213 shares of the information services provider’s stock valued at $3,659,000 after purchasing an additional 1,057 shares during the period. Finally, Gunderson Capital Management Inc. acquired a new position in shares of Alphabet during the fourth quarter valued at $299,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Down 0.6 %

Shares of NASDAQ GOOG opened at $191.05 on Wednesday. Alphabet Inc. has a one year low of $131.55 and a one year high of $202.88. The firm has a market capitalization of $2.34 trillion, a PE ratio of 25.34, a PEG ratio of 1.34 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $184.95 and a two-hundred day moving average price of $174.55.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. During the same period last year, the company posted $1.55 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Alphabet’s payout ratio is presently 10.61%.

Insider Activity

In other news, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. The trade was a 2.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 26,349 shares in the company, valued at $4,516,745.58. The trade was a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 130,553 shares of company stock worth $23,817,951 in the last three months. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of research analyst reports. Scotiabank initiated coverage on Alphabet in a report on Friday, October 11th. They set a “sector outperform” rating and a $212.00 price target on the stock. Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Oppenheimer lifted their target price on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Barclays lifted their target price on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their target price on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $200.56.

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.