Tsai Capital Corp Has $6.34 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Tsai Capital Corp grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 33,305 shares of the information services provider's stock after purchasing an additional 3,703 shares during the period. Alphabet comprises approximately 4.6% of Tsai Capital Corp's portfolio, making the stock its 4th biggest position. Tsai Capital Corp's holdings in Alphabet were worth $6,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Alphabet in the 4th quarter worth approximately $5,166,070,000. Raymond James Financial Inc. purchased a new position in Alphabet in the fourth quarter worth $1,551,533,000. GQG Partners LLC grew its stake in Alphabet by 181,679.1% in the 4th quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider's stock valued at $1,376,066,000 after purchasing an additional 7,221,746 shares during the period. Proficio Capital Partners LLC increased its position in shares of Alphabet by 5,712.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,367,831 shares of the information services provider's stock valued at $831,810,000 after purchasing an additional 4,292,689 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Alphabet during the 4th quarter worth $328,018,000. 27.26% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOG traded up $0.17 during mid-day trading on Monday, reaching $156.23. 31,961,656 shares of the stock traded hands, compared to its average volume of 18,929,980. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1 year low of $148.20 and a 1 year high of $208.70. The company has a market cap of $1.90 trillion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The firm has a fifty day moving average price of $181.53 and a 200 day moving average price of $178.69.

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Alphabet (NASDAQ:GOOG - Get Free Report) last announced 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%. As a group, equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,368 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated 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 owns 21,824 shares in the company, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,992 shares of company stock worth $16,097,111 over the last three months. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GOOG. Oppenheimer raised their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Wedbush reissued an "outperform" rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Benchmark restated a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Citizens Jmp cut Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.56.

About Alphabet

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.