Alphabet Inc. (NASDAQ:GOOGL) is FCG Investment Co's 5th Largest Position

FCG Investment Co trimmed its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,737 shares of the information services provider's stock after selling 4,179 shares during the period. Alphabet accounts for 3.1% of FCG Investment Co's portfolio, making the stock its 5th biggest position. FCG Investment Co's holdings in Alphabet were worth $4,766,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its position in Alphabet by 70.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider's stock valued at $15,279,000 after buying an additional 41,880 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Alphabet by 34.9% during the first quarter. Avior Wealth Management LLC now owns 78,782 shares of the information services provider's stock valued at $11,891,000 after acquiring an additional 20,394 shares in the last quarter. Colony Family Offices LLC raised its position in shares of Alphabet by 93.2% in the 1st quarter. Colony Family Offices LLC now owns 3,169 shares of the information services provider's stock worth $478,000 after purchasing an additional 1,529 shares during the last quarter. Prosperity Consulting Group LLC boosted its stake in Alphabet by 6.0% in the 1st quarter. Prosperity Consulting Group LLC now owns 31,968 shares of the information services provider's stock worth $4,825,000 after purchasing an additional 1,802 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Alphabet by 23.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,492,075 shares of the information services provider's stock valued at $1,130,779,000 after purchasing an additional 1,402,400 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now owns 312,210 shares in the company, valued at $50,765,346. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director John L. Hennessy sold 800 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $163.03, for a total value of $130,424.00. Following the sale, the director now directly owns 30,024 shares in the company, valued at $4,894,812.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares of the company's stock, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 242,552 shares of company stock valued at $40,287,253 in the last 90 days. Insiders own 11.55% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL traded down $2.40 during trading on Friday, hitting $178.35. 22,006,182 shares of the company's stock were exchanged, compared to its average volume of 25,879,976. The business's 50-day simple moving average is $163.54 and its 200 day simple moving average is $169.59. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.25 and a beta of 1.03. Alphabet Inc. has a 52-week low of $127.90 and a 52-week high of $191.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same period last year, the firm posted $1.55 EPS. As a group, equities analysts predict that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th 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, December 9th. Alphabet's payout ratio is currently 10.61%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GOOGL. China Renaissance raised shares of Alphabet from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their price objective on shares of Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Bank of America increased their target price on Alphabet from $206.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Truist Financial boosted their price target on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Argus upped their price target on Alphabet from $200.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, July 16th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $205.90.

Alphabet Company 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.