Sapient Capital LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 865,625 shares of the information services provider's stock after purchasing an additional 8,546 shares during the period. Alphabet accounts for about 3.1% of Sapient Capital LLC's investment portfolio, making the stock its 5th biggest holding. Sapient Capital LLC's holdings in Alphabet were worth $163,863,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC lifted its position in Alphabet by 43,005.6% during the 3rd quarter. International Assets Investment Management LLC now owns 18,743,594 shares of the information services provider's stock worth $31,086,250,000 after acquiring an additional 18,700,111 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Alphabet by 116.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,670,225 shares of the information services provider's stock worth $1,437,957,000 after acquiring an additional 4,662,809 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Alphabet by 7.7% during the 3rd 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 during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Alphabet during the 3rd quarter worth $513,024,000. Finally, Geode Capital Management LLC lifted its position in 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 worth $22,154,651,000 after acquiring an additional 2,626,431 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.
Insider Activity at Alphabet
In other Alphabet news, CAO Amie Thuener O'toole sold 1,367 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares of the company's stock, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the sale, the director now directly owns 23,324 shares of the company's stock, valued at $4,529,987.28. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,299 shares of company stock worth $25,055,751 over the last ninety days. Company insiders own 11.55% of the company's stock.
Alphabet Price Performance
Shares of GOOGL stock traded down $4.90 during trading hours on Friday, reaching $179.66. 35,094,289 shares of the company were exchanged, compared to its average volume of 28,166,218. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The stock's fifty day moving average is $192.46 and its two-hundred day moving average is $175.69. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 1.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast 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 will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.45%. Alphabet's dividend payout ratio is currently 9.94%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on GOOGL shares. JMP Securities reissued a "market perform" rating on shares of Alphabet in a research report on Wednesday, February 5th. Royal Bank of Canada boosted their price objective on shares of Alphabet from $204.00 to $210.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. KeyCorp boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. Bank of America restated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Finally, Sanford C. Bernstein boosted their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. Ten 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 has a consensus rating of "Moderate Buy" and a consensus target price of $210.62.
Check Out Our Latest Analysis on GOOGL
Alphabet Company Profile
(
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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