Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,538 shares of the information services provider's stock after acquiring an additional 2,508 shares during the period. Alphabet comprises approximately 5.3% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's portfolio, making the stock its biggest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Alphabet were worth $9,188,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Compass Planning Associates Inc purchased a new stake in shares of Alphabet during the fourth quarter worth $30,000. LMR Partners LLP bought a new position in Alphabet during the third quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in 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 valued at $37,000 after buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new position in Alphabet during the fourth quarter valued at about $39,000. Finally, PayPay Securities Corp raised its holdings in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after buying an additional 65 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet Stock Up 1.9 %
NASDAQ GOOGL opened at $167.11 on Thursday. 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 stock's 50 day moving average is $186.76 and its two-hundred day moving average is $176.48. The company has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 1-year low of $138.99 and a 1-year high of $207.05.
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 return on equity of 32.49% and a net margin of 28.60%. Equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's payout ratio is currently 9.94%.
Insider Transactions at Alphabet
In related news, insider John Kent Walker sold 16,820 shares of the business's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,374 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares of the company's stock, valued at $2,606,213.28. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,682 shares of company stock valued at $17,901,024 in the last three months. 11.55% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
GOOGL has been the topic of several recent research reports. KeyCorp raised their target price on Alphabet from $215.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, January 10th. Wedbush raised their target price on Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a report on Monday, January 6th. JPMorgan Chase & Co. cut 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. Cantor Fitzgerald dropped their price objective on Alphabet from $215.00 to $210.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company lifted their price objective on Alphabet from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $210.62.
View Our Latest Stock Report on Alphabet
Alphabet Profile
(
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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