Compound Global Advisors LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,800 shares of the information services provider's stock, valued at approximately $719,000. Alphabet accounts for about 2.9% of Compound Global Advisors LLC's investment portfolio, making the stock its 14th biggest position.
Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in Alphabet by 43,005.6% during the 3rd quarter. International Assets Investment Management LLC now owns 18,743,594 shares of the information services provider's stock valued at $31,086,250,000 after acquiring an additional 18,700,111 shares during the period. Assenagon Asset Management S.A. raised its holdings in Alphabet by 116.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,670,225 shares of the information services provider's stock valued at $1,437,957,000 after acquiring an additional 4,662,809 shares during the period. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 4,567,275 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Alphabet during the 3rd quarter valued at $513,024,000. Finally, Geode Capital Management LLC raised its holdings in 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 valued at $22,154,651,000 after acquiring an additional 2,626,431 shares during the period. Institutional investors own 40.03% of the company's stock.
Insider Buying and Selling
In related news, insider Ruth Porat sold 17,690 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares of the company's stock, valued at $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares of the company's stock, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,299 shares of company stock valued at $25,055,751 over the last three months. Corporate insiders own 11.55% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on GOOGL shares. Wedbush boosted their price target on shares of Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. Citigroup reduced their price target on shares of Alphabet from $232.00 to $229.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. DZ Bank lowered shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target for the company. in a research report on Thursday, February 6th. Sanford C. Bernstein boosted their price target on shares of Alphabet from $180.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Finally, Wolfe Research boosted their price target on shares of Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $210.62.
Check Out Our Latest Research Report on GOOGL
Alphabet Trading Down 2.7 %
Shares of NASDAQ:GOOGL traded down $4.90 during midday trading on Friday, hitting $179.66. 35,094,289 shares of the stock traded hands, compared to its average volume of 28,166,218. The stock 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. The business's 50 day moving average is $192.46 and its two-hundred day moving average is $175.69. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a one year low of $130.66 and a one year high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Monday, March 10th. Alphabet's payout ratio is currently 9.94%.
Alphabet Company 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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