Mill Creek Capital Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,702 shares of the information services provider's stock after buying an additional 4,178 shares during the period. Mill Creek Capital Advisors LLC's holdings in Alphabet were worth $3,919,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of Alphabet by 43,005.6% during the third quarter. International Assets Investment Management LLC now owns 18,743,594 shares of the information services provider's stock valued at $31,086,250,000 after purchasing an additional 18,700,111 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Alphabet by 116.4% during the third quarter. Assenagon Asset Management S.A. now owns 8,670,225 shares of the information services provider's stock valued at $1,437,957,000 after purchasing an additional 4,662,809 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Alphabet by 7.7% during 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 purchasing an additional 4,567,275 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Alphabet during the third quarter valued at about $513,024,000. Finally, Geode Capital Management LLC raised its holdings in shares of Alphabet by 2.0% during the third quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock valued at $22,154,651,000 after purchasing an additional 2,626,431 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Stock Performance
Shares of GOOGL stock traded down $4.90 during trading on Friday, reaching $179.66. 35,094,289 shares of the company's stock traded hands, compared to its average volume of 28,166,218. The company has a market capitalization of $2.19 trillion, a P/E ratio of 22.32, a PEG ratio of 1.34 and a beta of 0.99. 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 50-day moving average is $192.46 and its 200 day moving average is $175.69. Alphabet Inc. has a 1 year low of $130.66 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, 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%. Equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's dividend payout ratio is presently 9.94%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on GOOGL. Wells Fargo & Company upped their price objective on shares of Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Stifel Nicolaus boosted their target price on shares of Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. JMP Securities reissued a "market perform" rating on shares of Alphabet in a research report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their target price on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. 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 company currently has a consensus rating of "Moderate Buy" and an average price target of $210.62.
Read Our Latest Stock Report on GOOGL
Insiders Place Their Bets
In other Alphabet news, insider Ruth Porat sold 17,690 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the sale, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,367 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,299 shares of company stock worth $25,055,751 in the last three months. 11.55% of the stock is currently owned by corporate insiders.
Alphabet Profile
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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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