Russell Investments Group Ltd. Acquires 66,166 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Russell Investments Group Ltd. increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,808,815 shares of the information services provider's stock after acquiring an additional 66,166 shares during the period. Alphabet comprises 1.5% of Russell Investments Group Ltd.'s investment portfolio, making the stock its 6th biggest position. Russell Investments Group Ltd.'s holdings in Alphabet were worth $1,101,749,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bennett Selby Investments LP grew its position 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 valued at $256,000 after purchasing an additional 52 shares in the last quarter. Macroview Investment Management LLC boosted its stake 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 valued at $245,000 after buying an additional 52 shares during the period. Conrad Siegel Investment Advisors Inc. grew its position in Alphabet by 0.5% during the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after buying an additional 53 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in Alphabet by 2.3% in the 4th 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 during the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Alphabet by 0.7% in the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock valued at $1,425,000 after acquiring an additional 53 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Rosenblatt Securities restated a "neutral" rating and issued a $205.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Wolfe Research raised their price objective on shares of Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Citizens Jmp cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Mizuho dropped their price target on Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.72.

Alphabet Stock Down 2.0 %

GOOGL stock traded down $3.23 on Tuesday, hitting $155.84. 16,807,262 shares of the company's stock were exchanged, compared to its average volume of 28,179,405. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $1.90 trillion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The firm has a 50 day moving average price of $167.87 and a two-hundred day moving average price of $176.28. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal 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 0.51%. Alphabet's dividend payout ratio is presently 9.94%.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,497 shares of company stock worth $20,837,150. 11.55% of the stock is owned by company insiders.

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.