American Century Companies Inc. Has $4.25 Billion Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

American Century Companies Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,473,923 shares of the information services provider's stock after selling 982,435 shares during the period. Alphabet comprises 2.4% of American Century Companies Inc.'s portfolio, making the stock its 5th biggest position. American Century Companies Inc. owned about 0.18% of Alphabet worth $4,254,314,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bennett Selby Investments LP grew its position in shares of Alphabet by 4.0% in the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after purchasing an additional 52 shares during the period. Macroview Investment Management LLC lifted its stake in Alphabet by 4.2% in the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after buying an additional 52 shares in the last quarter. Conrad Siegel Investment Advisors Inc. boosted its holdings in shares of Alphabet by 0.5% in the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $1,864,000 after buying an additional 53 shares during the period. Cornerstone Planning Group LLC increased its position in shares of Alphabet by 2.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after acquiring an additional 53 shares in the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Alphabet by 0.7% during the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after acquiring an additional 53 shares during the period. Institutional investors own 40.03% of the company's stock.

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Analyst Ratings Changes

Several research firms have issued reports on GOOGL. Rosenblatt Securities reissued a "neutral" rating and issued a $205.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. JMP Securities reissued a "market perform" rating on shares of Alphabet in a research report on Wednesday, February 5th. Jefferies Financial Group reduced their price target on Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, March 31st. DZ Bank lowered shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective on the stock. in a research report on Thursday, February 6th. Finally, Morgan Stanley decreased 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. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus price target of $209.13.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction 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. This represents a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares in the company, valued at $50,376,238.74. This trade represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 119,797 shares of company stock worth $21,089,470. 11.55% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of Alphabet stock traded down $5.12 during trading on Friday, reaching $145.60. The company's stock had a trading volume of 62,123,086 shares, compared to its average volume of 27,597,046. Alphabet Inc. has a 52 week low of $145.38 and a 52 week high of $207.05. The firm has a market cap of $1.77 trillion, a PE ratio of 18.09, a P/E/G ratio of 1.34 and a beta of 1.03. The business's 50-day moving average price is $175.15 and its 200-day moving average price is $176.81. 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:GOOGL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. Equities analysts forecast that Alphabet Inc. will post 8.9 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 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 yield of 0.55%. Alphabet's dividend payout ratio is presently 9.94%.

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.