Mirabaud Asset Management Ltd Has $8.03 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Mirabaud Asset Management Ltd raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,986 shares of the information services provider's stock after buying an additional 2,298 shares during the period. Alphabet comprises approximately 3.7% of Mirabaud Asset Management Ltd's investment portfolio, making the stock its 10th biggest holding. Mirabaud Asset Management Ltd's holdings in Alphabet were worth $8,029,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Compass Planning Associates Inc acquired a new stake in Alphabet in the 4th quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after buying an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the fourth quarter valued at about $39,000. PayPay Securities Corp grew its position in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. Finally, Denver PWM LLC raised its stake in Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

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Alphabet Price Performance

GOOGL traded down $3.07 during trading on Tuesday, reaching $156.00. 17,462,183 shares of the company were exchanged, compared to its average volume of 28,182,383. The company's 50-day moving average is $167.87 and its two-hundred day moving average is $176.28. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company has a market cap of $1.90 trillion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 17,690 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the sale, the insider now directly owns 43,111 shares in the company, valued at $7,997,521.61. This represents a 29.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,497 shares of company stock worth $20,837,150 over the last three months. 11.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GOOGL shares. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $205.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Jefferies Financial Group reduced their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, March 31st. DZ Bank downgraded shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target for the company. in a research note on Thursday, February 6th. Finally, Wolfe Research boosted their price objective on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $204.72.

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.