Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Fayez Sarofim & Co

Fayez Sarofim & Co lifted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 9.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,654,196 shares of the information services provider's stock after purchasing an additional 664,132 shares during the quarter. Alphabet comprises about 3.6% of Fayez Sarofim & Co's investment portfolio, making the stock its 4th biggest position. Fayez Sarofim & Co owned about 0.06% of Alphabet worth $1,470,203,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. FMR LLC grew its position in Alphabet by 2.8% in the 4th quarter. FMR LLC now owns 117,991,725 shares of the information services provider's stock valued at $22,470,344,000 after acquiring an additional 3,189,592 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Alphabet by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider's stock valued at $19,894,651,000 after purchasing an additional 1,219,606 shares during the period. Capital International Investors grew its holdings in shares of Alphabet by 6.7% in the fourth quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock worth $17,376,706,000 after purchasing an additional 5,758,244 shares during the last quarter. Capital Research Global Investors lifted its holdings in Alphabet by 0.8% during the 4th quarter. Capital Research Global Investors now owns 39,148,500 shares of the information services provider's stock valued at $7,455,571,000 after buying an additional 294,556 shares in the last quarter. Finally, Sanders Capital LLC increased its position in shares of Alphabet by 14.5% during the fourth quarter. Sanders Capital LLC now owns 33,504,543 shares of the information services provider's stock worth $6,380,605,000 after acquiring an additional 4,247,379 shares during the period. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value 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. The trade was a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,163 shares of company stock worth $25,361,647. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOG stock traded up $4.07 during mid-day trading on Wednesday, reaching $157.97. The stock had a trading volume of 18,541,470 shares, compared to its average volume of 19,418,614. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The firm has a market cap of $1.93 trillion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.34 and a beta of 1.04. 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 business's fifty day moving average is $165.19 and its 200-day moving average is $177.19.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. On average, research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Analyst Upgrades and Downgrades

GOOG has been the topic of several research analyst reports. Scotiabank dropped their price objective on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Monday. UBS Group cut their price target on Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. KeyCorp lowered their price objective on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Westpark Capital initiated coverage on shares of Alphabet in a research report on Tuesday, April 1st. They set a "buy" rating and a $210.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $208.38.

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.