BTG Pactual Asset Management US LLC raised its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 34.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 216,715 shares of the information services provider's stock after acquiring an additional 55,977 shares during the quarter. Alphabet makes up about 4.2% of BTG Pactual Asset Management US LLC's investment portfolio, making the stock its 3rd largest holding. BTG Pactual Asset Management US LLC's holdings in Alphabet were worth $41,271,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in Alphabet during the fourth quarter worth approximately $27,000. LSV Asset Management purchased a new position in Alphabet in the fourth quarter valued at approximately $27,000. WealthTrak Capital Management LLC purchased a new stake in Alphabet in the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet in the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet in the fourth quarter valued at approximately $43,000. Institutional investors own 27.26% of the company's stock.
Insider Activity
In other news, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 115,663 shares of company stock valued at $20,286,447 over the last three months. 12.99% of the stock is owned by insiders.
Alphabet Stock Down 2.0 %
Shares of GOOG traded down $3.18 during trading hours on Wednesday, hitting $155.50. 16,903,668 shares of the company were exchanged, compared to its average volume of 19,400,727. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm's 50 day moving average is $169.17 and its 200-day moving average is $177.83. The company has a market cap of $1.90 trillion, a PE ratio of 19.32, a PEG ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70.
Alphabet (NASDAQ:GOOG - 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, topping 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%. On average, equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet's dividend payout ratio (DPR) is 9.94%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Oppenheimer upped their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. KeyCorp cut their target price on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Rosenblatt Securities restated a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Benchmark reaffirmed a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $208.71.
Read Our Latest Analysis on GOOG
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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