ANTIPODES PARTNERS Ltd increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 111.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,040,359 shares of the information services provider's stock after buying an additional 547,786 shares during the quarter. Alphabet comprises approximately 6.8% of ANTIPODES PARTNERS Ltd's portfolio, making the stock its largest position. ANTIPODES PARTNERS Ltd's holdings in Alphabet were worth $196,956,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in GOOGL. Proficio Capital Partners LLC lifted its position in Alphabet by 20,990.0% in the fourth 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 buying an additional 6,157,413 shares during the last quarter. Amundi raised its stake in shares of Alphabet by 18.7% in the 4th quarter. Amundi now owns 29,866,698 shares of the information services provider's stock valued at $5,792,317,000 after acquiring an additional 4,694,621 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Alphabet by 7.7% in 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 purchased a new position in shares of Alphabet during the 3rd quarter worth approximately $513,024,000. Finally, Geode Capital Management LLC increased its holdings in Alphabet by 2.0% in 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 purchasing an additional 2,626,431 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Rosenblatt Securities restated a "neutral" rating and set a $205.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Stifel Nicolaus raised their target price on Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 13th. Roth Mkm reiterated a "buy" rating and set a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. DA Davidson raised their price objective on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company increased their target price on shares of Alphabet from $187.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $210.59.
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Alphabet Stock Performance
Alphabet stock traded down $4.42 during midday trading on Wednesday, hitting $166.14. 13,643,897 shares of the company's stock were exchanged, compared to its average volume of 30,132,676. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $2.03 trillion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 12-month low of $147.21 and a 12-month high of $207.05. The firm's 50 day simple moving average is $181.72 and its 200 day simple moving average is $176.86.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly 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 return on equity of 32.49% and a net margin of 28.60%. Equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.
Insider Buying and Selling
In other Alphabet news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 1,368 shares of the firm'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 value of $262,040.40. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock valued at $17,374,274 over the last three months. 11.55% of the stock is currently owned by company insiders.
About Alphabet
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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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