Corient Private Wealth LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,428,628 shares of the information services provider's stock after acquiring an additional 420,575 shares during the period. Alphabet accounts for about 1.7% of Corient Private Wealth LLC's investment portfolio, making the stock its 9th biggest position. Corient Private Wealth LLC's holdings in Alphabet were worth $1,022,040,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of GOOGL. Bennett Selby Investments LP raised its stake in shares of Alphabet by 4.0% during the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock worth $256,000 after purchasing an additional 52 shares during the period. Macroview Investment Management LLC increased its holdings in Alphabet by 4.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after buying an additional 52 shares during the last quarter. Conrad Siegel Investment Advisors Inc. boosted its stake in 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 acquiring an additional 53 shares during the last quarter. Cornerstone Planning Group LLC grew its position in shares of Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock valued at $457,000 after acquiring an additional 53 shares during the period. Finally, Addison Advisors LLC increased its stake in shares of Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after purchasing an additional 53 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Trading Up 0.2 %
Shares of GOOGL stock traded up $0.31 on Monday, hitting $154.64. 54,553,702 shares of the company's stock traded hands, compared to its average volume of 27,385,685. The stock has a market capitalization 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's fifty day simple moving average is $178.83 and its 200 day simple moving average is $177.10. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Alphabet Inc. will post 8.9 EPS 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 $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 0.52%. Alphabet's payout ratio is currently 9.94%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on GOOGL shares. Wedbush increased their price objective on Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a report on Monday, January 6th. DA Davidson increased their price target on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Bank of America restated a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. The Goldman Sachs Group reiterated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Finally, Roth Mkm reissued a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $209.49.
Check Out Our Latest Report on GOOGL
Insider Activity
In other Alphabet news, insider John Kent Walker sold 17,690 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now owns 43,111 shares of the company's stock, valued at $7,997,521.61. This represents a 29.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,103 shares of company stock valued at $16,115,139. 11.55% of the stock is currently owned by company insiders.
About Alphabet
(
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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