Alphabet Inc. (NASDAQ:GOOGL) Holdings Raised by AGF Management Ltd.

AGF Management Ltd. grew its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 834,162 shares of the information services provider's stock after buying an additional 134,236 shares during the period. AGF Management Ltd.'s holdings in Alphabet were worth $157,907,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Schear Investment Advisers LLC increased its position in Alphabet by 17.0% during the third quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock worth $5,598,000 after buying an additional 4,905 shares during the period. Permanent Capital Management LP purchased a new stake in Alphabet in the 4th quarter valued at $273,000. Landscape Capital Management L.L.C. boosted its stake in Alphabet by 27.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock worth $4,192,000 after purchasing an additional 5,516 shares during the period. Glass Wealth Management Co LLC grew its position in Alphabet by 4.5% during the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock worth $7,014,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Olistico Wealth LLC increased its stake in Alphabet by 9.1% in the fourth quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock valued at $1,700,000 after purchasing an additional 746 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GOOGL shares. The Goldman Sachs Group reiterated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research note on Thursday, December 12th. DA Davidson increased their price objective on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Morgan Stanley cut their price target on Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, Robert W. Baird reiterated an "outperform" rating and issued a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.59.

Insider Activity

In related news, CAO Amie Thuener O'toole sold 1,374 shares of the business's stock in a transaction dated 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. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 200 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,048 shares of company stock valued at $17,374,274. Company insiders own 11.55% of the company's stock.

Alphabet Trading Down 3.2 %

Shares of NASDAQ GOOGL traded down $5.50 during trading on Wednesday, hitting $165.06. 28,889,147 shares of the company traded hands, compared to its average volume of 25,905,073. The firm has a market capitalization of $2.01 trillion, a P/E ratio of 20.50, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $181.11 and a 200-day moving average price of $176.78. Alphabet Inc. has a 1 year low of $147.22 and a 1 year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly 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%. On average, equities analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given 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 was Monday, March 10th. Alphabet's payout ratio is currently 9.94%.

Alphabet Company 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.