Antonelli Financial Advisors LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,825 shares of the information services provider's stock, valued at approximately $535,000. Alphabet accounts for 0.5% of Antonelli Financial Advisors LLC's portfolio, making the stock its 28th largest holding.
Other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its holdings in shares of Alphabet by 20,990.0% during the fourth quarter. Proficio Capital Partners LLC now owns 6,186,748 shares of the information services provider's stock valued at $1,171,151,000 after acquiring an additional 6,157,413 shares in the last quarter. Amundi grew its position in Alphabet by 18.7% in the 4th quarter. Amundi now owns 29,866,698 shares of the information services provider's stock valued at $5,792,317,000 after purchasing an additional 4,694,621 shares during the period. JPMorgan Chase & Co. boosted its stake in Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after purchasing an additional 4,567,275 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Alphabet in the 3rd quarter valued at about $513,024,000. Finally, Geode Capital Management LLC lifted its position in shares of Alphabet by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock worth $22,154,651,000 after buying an additional 2,626,431 shares in the last quarter. 40.03% of the stock is owned by institutional investors.
Alphabet Trading Down 3.4 %
Alphabet stock traded down $5.12 during mid-day trading on Friday, hitting $145.60. The company's stock had a trading volume of 62,123,086 shares, compared to its average volume of 27,580,556. The business has a 50 day moving average price of $175.15 and a 200-day moving average price of $176.68. 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 $144.48 and a 12 month high of $207.05. The stock has a market cap of $1.77 trillion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results 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 return on equity of 32.49% and a net margin of 28.60%. As a group, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is 9.94%.
Insider Buying and Selling
In related news, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the sale, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now directly owns 21,824 shares of the company's stock, valued at $4,142,195.20. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,297 shares of company stock valued at $15,936,270 over the last three months. 11.55% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on GOOGL shares. DA Davidson boosted their price target on shares of Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Robert W. Baird reiterated an "outperform" rating and set a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Wells Fargo & Company decreased their price objective on Alphabet from $184.00 to $167.00 and set an "equal weight" rating for the company in a report on Monday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.13.
Read Our Latest Stock Analysis on Alphabet
Alphabet Profile
(
Free Report)
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.
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