GQG Partners LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 181,679.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,225,721 shares of the information services provider's stock after purchasing an additional 7,221,746 shares during the quarter. Alphabet accounts for 2.0% of GQG Partners LLC's portfolio, making the stock its 18th largest position. GQG Partners LLC owned about 0.06% of Alphabet worth $1,376,066,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. Weiss Asset Management LP bought a new position in Alphabet in the 3rd quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new stake in Alphabet during the fourth quarter worth approximately $27,000. Safe Harbor Fiduciary LLC purchased a new stake in Alphabet during the third quarter valued at approximately $33,000. Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet during the 4th quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Alphabet in the fourth quarter valued at $43,000. Institutional investors own 27.26% of the company's stock.
Alphabet Stock Performance
GOOG traded up $2.86 during trading on Tuesday, hitting $172.79. 13,811,344 shares of the stock were exchanged, compared to its average volume of 17,855,898. The stock has a fifty day moving average price of $183.56 and a two-hundred day moving average price of $178.44. The firm has a market capitalization of $2.11 trillion, a P/E ratio of 21.46, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1-year low of $148.20 and a 1-year high of $208.70. 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 (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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, sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 dividend on an annualized basis and a yield of 0.46%. Alphabet's payout ratio is 9.94%.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Rosenblatt Securities reiterated a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Scotiabank increased their price target on shares of Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $209.13.
Get Our Latest Stock Report on Alphabet
Insider Buying and Selling at Alphabet
In other Alphabet news, Director John L. Hennessy sold 200 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 93,048 shares of company stock worth $17,374,274. 12.99% of the stock is currently owned by insiders.
Alphabet Company Profile
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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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