<div id="readability-page-1"><p>Hartford Investment Management Co. cut its stake in shares of  Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 360,417 shares of the information services provider's stock after selling 8,230 shares during the quarter. Alphabet makes up  approximately  2.2% of Hartford Investment Management Co.'s holdings, making the stock its 7th biggest position. Hartford Investment Management Co.'s holdings in Alphabet were worth $68,227,000 at the end of the most recent reporting period.</p><ul><li>MarketBeat Week in Review – 02/17 - 02/21</li></ul><p>A number of other institutional investors have also bought and sold shares of the business. State Street Corp boosted its position in shares of  Alphabet by 0.3% during the third quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock worth $36,910,838,000 after acquiring an additional 743,369 shares during the last quarter.  Geode Capital Management LLC increased its holdings in  Alphabet by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock valued at $22,154,651,000 after acquiring an additional 2,626,431 shares during the last quarter.  JPMorgan Chase &amp; Co. lifted its stake in  Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase &amp; Co. now owns 63,667,407 shares of the information services provider's stock worth $10,559,240,000 after purchasing an additional 4,567,275 shares in the last quarter.  Fisher Asset Management LLC boosted its holdings in shares of  Alphabet by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 49,857,900 shares of the information services provider's stock valued at $8,268,933,000 after purchasing an additional 1,237,385 shares during the last quarter.  Finally, Charles Schwab Investment Management Inc. grew its position in shares of  Alphabet by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 37,233,079 shares of the information services provider's stock valued at $6,175,106,000 after purchasing an additional 523,416 shares in the last quarter. Hedge funds and other institutional investors own  40.03% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of equities research analysts recently commented on the company. Pivotal Research boosted their target price on Alphabet from $215.00 to $225.00 and gave the stock a &#34;buy&#34; rating in a research report on Wednesday, October 30th. Cantor Fitzgerald reduced their price objective on Alphabet from $215.00 to $210.00 and set a &#34;neutral&#34; rating on the stock in a research note on Wednesday, January 22nd. Bank of America  reiterated a &#34;buy&#34; rating and set a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. DA Davidson raised their target price on shares of Alphabet from $190.00 to $200.00 and gave the company a &#34;neutral&#34; rating in a report on Friday, January 24th. Finally, Phillip Securities raised shares of Alphabet to a &#34;strong-buy&#34; rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned  a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $210.62.</p><ul><li>3 Stocks Poised to Thrive as NVIDIA Dominates the AI Boom</li></ul><p><b>View Our Latest Report on GOOGL</b></p><h2>Alphabet Price Performance</h2><p>GOOGL stock opened at $179.66 on Monday. The business's fifty day moving average price is $192.46 and its 200 day moving average price is $175.93. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.19 trillion, a PE ratio of 22.32, a P/E/G ratio of 1.34 and a beta of 0.99. </p><ul><li>Alphabet’s Pullback Just Opened a Window for Smart Investors</li></ul><p>Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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, sell-side analysts anticipate that  Alphabet Inc. will post 8.9 EPS for the current year. </p><h2>Alphabet Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is 9.94%. </p><h2>Insider Activity</h2><p>In other news, CAO Amie Thuener O'toole sold 1,367 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares of the company's stock, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the transaction, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,299 shares of company stock valued at $25,055,751 in the last three months. 11.55% of the stock is currently owned by company insiders. </p><h2>Alphabet Company Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Alphabet</li><li>Stock Market Sectors: What Are They and How Many Are There? </li><li>Why Genuine Parts Company Is a Royally Good Buy Right Now</li><li>Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time</li><li>Industrials Are Quietly Outpacing the Market: 3 Stocks to Watch</li><li>What is a Secondary Public Offering? What Investors Need to Know</li><li>These 5 Energy Stocks Hedge Inflation With Growth Potential</li></ul><p><strong>Want to see what other hedge funds are holding GOOGL?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R09PR0w?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R09PR0w"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Alphabet Right Now?</h2><p>Before you consider Alphabet, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.</p><p>While Alphabet currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Hartford Investment Management Co. reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.2% in Q4, now holding 360,417 shares valued at $68.2 million. Other institutional investors, including State Street Corp and JPMorgan Chase & Co., also adjusted their positions. Analysts have mixed ratings on Alphabet, with a consensus target price of $210.62. The stock opened at $179.66, with a 12-month range of $130.66 to $207.05. Alphabet recently reported earnings of $2.15 per share, exceeding estimates, and announced a quarterly dividend of $0.20 per share.</p>

Hartford Investment Management Co. Lowers Stake in Alphabet Inc. (NASDAQ:GOOGL)