Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 586,569 shares of the information services provider's stock after purchasing an additional 21,088 shares during the period. Alphabet makes up approximately 2.0% of Advisors Asset Management Inc.'s investment portfolio, making the stock its 4th biggest position. Advisors Asset Management Inc.'s holdings in Alphabet were worth $111,038,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Compass Planning Associates Inc bought a new position in Alphabet during the fourth quarter valued at $30,000. LMR Partners LLP purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. raised 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 valued at $37,000 after buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Alphabet in the 4th quarter valued at about $39,000. Finally, 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 worth $46,000 after acquiring an additional 65 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Down 0.0 %

NASDAQ GOOGL traded down $0.03 on Wednesday, hitting $157.04. The stock had a trading volume of 24,682,619 shares, compared to its average volume of 27,382,781. The business's fifty day moving average price is $177.19 and its 200 day moving average price is $176.95. The stock has a market cap of $1.91 trillion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. 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 Inc. has a 52-week low of $147.22 and a 52-week high of $207.05.

Remove Ads

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 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%. Equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Rosenblatt Securities restated a "neutral" rating and set a $205.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. DZ Bank lowered Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target on the stock. in a report on Thursday, February 6th. Roth Mkm reaffirmed a "buy" rating and set a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Citigroup reduced their target price on shares of Alphabet from $232.00 to $229.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Finally, Robert W. Baird reaffirmed an "outperform" rating and set a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Ten investment 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $209.49.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,368 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the sale, the director now owns 21,824 shares of the company's stock, valued at $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,665 shares of company stock valued at $16,198,310 in the last three months. 11.55% of the stock is owned by insiders.

About Alphabet

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.