Blueprint Investment Partners LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 66.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,009 shares of the information services provider's stock after acquiring an additional 13,231 shares during the period. Alphabet makes up approximately 1.0% of Blueprint Investment Partners LLC's portfolio, making the stock its 25th biggest holding. Blueprint Investment Partners LLC's holdings in Alphabet were worth $6,249,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in Alphabet by 20,990.0% in the 4th quarter. Proficio Capital Partners LLC now owns 6,186,748 shares of the information services provider's stock valued at $1,171,151,000 after purchasing an additional 6,157,413 shares during the last quarter. Amundi raised its holdings in Alphabet by 18.7% in the fourth quarter. Amundi now owns 29,866,698 shares of the information services provider's stock valued at $5,792,317,000 after buying an additional 4,694,621 shares during the period. JPMorgan Chase & Co. increased its position 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 worth $10,559,240,000 after acquiring an additional 4,567,275 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Alphabet during the 3rd quarter valued at $513,024,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Alphabet by 2.0% during the 3rd 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 acquiring an additional 2,626,431 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Insider Activity
In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now directly owns 21,824 shares in the company, valued at $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the sale, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. The trade was a 4.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,297 shares of company stock worth $15,936,270. Corporate insiders own 11.55% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on GOOGL. Stifel Nicolaus lifted their target price on Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Rosenblatt Securities restated a "neutral" rating and issued a $205.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Needham & Company LLC reissued a "buy" rating and set a $225.00 price objective on shares of Alphabet in a report on Wednesday, February 5th. Roth Mkm reaffirmed a "buy" rating and set a $220.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Finally, DZ Bank cut Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective on the stock. in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $209.13.
Get Our Latest Analysis on GOOGL
Alphabet Stock Performance
Shares of NASDAQ GOOGL traded down $6.32 during mid-day trading on Thursday, hitting $150.72. The company had a trading volume of 46,763,615 shares, compared to its average volume of 27,471,312. Alphabet Inc. has a 12 month low of $147.22 and a 12 month high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $1.84 trillion, a P/E ratio of 18.72, a PEG ratio of 1.34 and a beta of 1.03. The business's 50-day simple moving average is $177.19 and its 200-day simple moving average is $176.95.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data 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 return on equity of 32.49% and a net margin of 28.60%. As a group, analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is 9.94%.
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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