Ashburton Jersey Ltd lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 372.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,255 shares of the information services provider's stock after acquiring an additional 26,999 shares during the period. Alphabet comprises approximately 2.9% of Ashburton Jersey Ltd's holdings, making the stock its 13th largest position. Ashburton Jersey Ltd's holdings in Alphabet were worth $6,484,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Clarkston Capital Partners LLC raised its position in shares of Alphabet by 0.6% during the fourth quarter. Clarkston Capital Partners LLC now owns 167,810 shares of the information services provider's stock valued at $31,767,000 after buying an additional 1,018 shares during the last quarter. Waterloo Capital L.P. grew its holdings in shares of Alphabet by 5.6% during the fourth quarter. Waterloo Capital L.P. now owns 19,627 shares of the information services provider's stock worth $3,715,000 after purchasing an additional 1,041 shares during the last quarter. Titleist Asset Management LLC lifted its position in shares of Alphabet by 0.8% during the fourth quarter. Titleist Asset Management LLC now owns 19,440 shares of the information services provider's stock worth $3,680,000 after purchasing an additional 160 shares in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Alphabet by 0.3% in the fourth quarter. Peapack Gladstone Financial Corp now owns 835,342 shares of the information services provider's stock valued at $158,131,000 after acquiring an additional 2,094 shares during the last quarter. Finally, Himension Capital Singapore PTE. LTD. raised its stake in shares of Alphabet by 40.0% during the fourth quarter. Himension Capital Singapore PTE. LTD. now owns 122,587 shares of the information services provider's stock worth $23,206,000 after buying an additional 35,000 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Alphabet Stock Performance
Alphabet stock traded down $3.07 during midday trading on Tuesday, hitting $156.00. The stock had a trading volume of 17,462,183 shares, compared to its average volume of 28,182,383. The company has a market capitalization of $1.90 trillion, a PE ratio of 19.38, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average is $167.87 and its two-hundred day moving average is $176.28. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. On average, research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.
Insider Activity at Alphabet
In related news, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $161.90, for a total transaction of $32,380.00. Following the completion of the transaction, the director now owns 7,613 shares of the company's stock, valued at $1,232,544.70. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,497 shares of company stock valued at $20,837,150 over the last 90 days. Insiders own 11.55% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on GOOGL shares. JPMorgan Chase & Co. decreased their target price on Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus upped their price target on Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. DA Davidson dropped their price target on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a research report on Monday. Citigroup reduced their target price on shares of Alphabet from $229.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Roth Mkm reiterated a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $204.72.
View Our Latest Research Report on Alphabet
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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