Alphabet Inc. (NASDAQ:GOOG) is GMT Capital Corp's 8th Largest Position

GMT Capital Corp decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 470,000 shares of the information services provider's stock after selling 40,800 shares during the quarter. Alphabet makes up 4.4% of GMT Capital Corp's investment portfolio, making the stock its 8th biggest holding. GMT Capital Corp's holdings in Alphabet were worth $89,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at $27,000. LSV Asset Management acquired a new position in Alphabet in the fourth quarter valued at $27,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet during the fourth quarter worth about $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet during the fourth quarter worth about $39,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Alphabet in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Up 2.7 %

GOOG stock opened at $153.90 on Wednesday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. 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 cap of $1.88 trillion, a P/E ratio of 19.12, a P/E/G ratio of 1.34 and a beta of 1.04. The company's 50-day moving average price is $165.77 and its 200 day moving average price is $177.32.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly 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, research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GOOG shares. Citigroup reiterated a "sell" rating on shares of Alphabet in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. KeyCorp lowered their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $208.38.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction that occurred on Monday, February 3rd. The stock was 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. The trade was a 6.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total value of $5,075,200.00. Following the sale, the chief executive officer now owns 2,685,196 shares in the company, valued at approximately $419,320,207.36. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock valued at $25,361,647 in the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet Company Profile

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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