Integrated Capital Management LLC Reduces Its Stake in Alphabet Inc.

Integrated Capital Management LLC has reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 5.6% during the fourth quarter, according to a recent filing with the Securities and Exchange Commission. After selling 4,314 shares during this time, the institutional investor now owns 73,241 shares of the tech giant's stock. Alphabet constitutes about 7.4% of Integrated Capital Management LLC's total holdings, making it the fourth largest position in their portfolio. At the end of the most recent quarter, the value of Integrated Capital Management LLC's investment in Alphabet was approximately $13.87 million.

Changes in Other Institutional Holdings

In addition to Integrated Capital Management LLC, several other institutional investors have adjusted their positions in Alphabet recently. For instance, International Assets Investment Management LLC expanded its share in Alphabet significantly by over 43,000%. This hedge fund now holds 18,743,594 shares, valued at around $31 billion, after acquiring an additional 18,700,111 shares. Similarly, SG Americas Securities LLC boosted its position by 587.4%, now owning 10,690,326 shares valued at approximately $1.77 billion. Assenagon Asset Management S.A. increased its stake by 116.4% to hold 8,670,225 shares worth nearly $1.44 billion. JPMorgan Chase & Co. also raised its investment in Alphabet by 7.7%, owning 63,667,407 shares, valued at about $10.56 billion after purchasing more shares in the last quarter. Additional noteworthy changes include Wulff Hansen & Co., which increased its holdings by 18,810.2% in the previous quarter.

Insider Activity

In recent news regarding insider trading, CEO Sundar Pichai sold 22,500 shares of Alphabet on October 16th, netting $3.74 million from the sale. After the transaction, he still holds more than 2 million shares of the company, valued at about $350.36 million. Director Kavitark Ram Shriram also sold 10,500 shares on October 30th for approximately $1.90 million, reducing his position by 3.08%. Over the last three months, insiders have sold a total of 154,519 shares valued at around $27.73 million, while insiders own about 11.55% of Alphabet's shares.

Analyst Ratings for Alphabet

Research analysts have been active in issuing ratings for Alphabet in recent weeks. BMO Capital Markets reaffirmed an "outperform" rating with a price target of $217, an increase from $215. JMP Securities, however, downgraded the stock from "outperform" to "market perform" with a target of $220. Conversely, Sanford C. Bernstein has raised its price target from $180 to $185, maintaining a "market perform" rating. A number of analysts have given Alphabet a mix of ratings, with a consensus average of "Moderate Buy" and a target price of $206.44.

Recent Price Performance

During trading on Friday, Alphabet's stock price increased by $2.79 to reach $192.22, with a trading volume of nearly 8 million shares compared to an average of 13.8 million shares. As of now, Alphabet has a market capitalization of $2.35 trillion and a price-to-earnings ratio of 25.49. The stock has operated between a 1-year low of $130.66 and a high of $201.42.

Alphabet's Financial Highlights

For the third quarter, Alphabet reported earnings of $2.12 per share, beating analysts' expectations of $1.83. The company saw significant revenue of $88.27 billion, greatly surpassing analyst predictions of $72.85 billion. Alphabet’s strong financial performance includes a return on equity of 31.66% and a net margin of 27.74%.

Alphabet's Dividend Information

Alphabet has also recently announced a quarterly dividend of $0.20 per share, which was paid out on December 16th. This equates to an annualized dividend of $0.80 and a yield of 0.42%. The company's payout ratio stands at 10.61%.

Overview of Alphabet Inc.

Alphabet Inc. is a leading technology company that provides a wide range of products and services globally. It operates through various divisions, including Google Services, Google Cloud, and Other Bets, which encompass services such as advertising, cloud computing, and various online platforms.

Alphabet, Investment, Stock