Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Xponance Inc.

Xponance Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,525,560 shares of the information services provider's stock after buying an additional 6,882 shares during the period. Alphabet makes up 2.6% of Xponance Inc.'s portfolio, making the stock its 6th biggest position. Xponance Inc.'s holdings in Alphabet were worth $288,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of GOOGL. Compass Planning Associates Inc acquired a new position in Alphabet in the 4th quarter worth $30,000. LMR Partners LLP purchased a new stake in shares of Alphabet during the third quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet in the fourth quarter worth about $39,000. Finally, PayPay Securities Corp boosted its holdings in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Up 0.2 %

Shares of GOOGL traded up $0.31 during midday trading on Monday, reaching $154.64. 54,538,931 shares of the stock were exchanged, compared to its average volume of 27,385,488. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.34 and a beta of 1.02. 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 Inc. has a 12-month low of $147.22 and a 12-month high of $207.05. The firm has a 50 day simple moving average of $179.66 and a 200-day simple moving average of $177.10.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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%. Research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is presently 9.94%.

Insider Buying and Selling

In other news, insider John Kent Walker sold 11,764 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the sale, the insider now directly owns 49,037 shares in the company, valued at approximately $8,181,333.08. The trade was a 19.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,992 shares of company stock worth $16,097,111. Corporate insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of several analyst reports. DA Davidson lifted their price objective on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Wedbush increased their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Morgan Stanley dropped their target price on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Piper Sandler decreased their price target on Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reduced their target price on Alphabet from $232.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $209.49.

Alphabet 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.