Apriem Advisors lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,737 shares of the information services provider's stock after selling 2,327 shares during the period. Alphabet accounts for 2.7% of Apriem Advisors' investment portfolio, making the stock its 7th biggest position. Apriem Advisors' holdings in Alphabet were worth $23,802,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in GOOGL. JPMorgan Chase & Co. grew its stake in shares of Alphabet by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after buying an additional 4,567,275 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Alphabet in the third quarter valued at $513,024,000. Geode Capital Management LLC grew its holdings in Alphabet by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock worth $22,154,651,000 after buying an additional 2,626,431 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Alphabet by 26.9% in the 3rd quarter. National Bank of Canada FI now owns 10,064,598 shares of the information services provider's stock worth $1,669,300,000 after acquiring an additional 2,136,128 shares during the period. Finally, Darsana Capital Partners LP acquired a new stake in Alphabet in the 3rd quarter valued at about $331,700,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Stock Performance
NASDAQ GOOGL opened at $164.04 on Wednesday. The firm has a market capitalization of $2.00 trillion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. 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 firm's fifty day moving average price is $187.20 and its two-hundred day moving average price is $176.55. Alphabet Inc. has a 1 year low of $137.03 and a 1 year high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results 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 net margin of 28.60% and a return on equity of 32.49%. As a group, research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet's payout ratio is 9.94%.
Insider Transactions at Alphabet
In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the sale, the director now directly owns 23,324 shares in the company, valued at $4,529,987.28. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 1,374 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,606,213.28. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 97,182 shares of company stock worth $18,192,354. 11.55% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
GOOGL has been the subject of a number of recent analyst reports. DZ Bank lowered shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective for the company. in a research note on Thursday, February 6th. Stifel Nicolaus upped their target price on shares of Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Robert W. Baird restated an "outperform" rating and set a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Citizens Jmp cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Morgan Stanley lowered their price objective on Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $210.62.
Check Out Our Latest Stock Report on Alphabet
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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