Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Baker Chad R

Baker Chad R decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,860 shares of the information services provider's stock after selling 3,000 shares during the quarter. Alphabet accounts for about 4.8% of Baker Chad R's investment portfolio, making the stock its 2nd largest holding. Baker Chad R's holdings in Alphabet were worth $24,772,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of Alphabet by 43,005.6% during the third 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 buying an additional 18,700,111 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Alphabet by 587.4% in the third quarter. SG Americas Securities LLC now owns 10,690,326 shares of the information services provider's stock worth $1,772,991,000 after purchasing an additional 9,135,056 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Alphabet by 116.4% in the third 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 purchasing an additional 4,662,809 shares during the period. JPMorgan Chase & Co. boosted its holdings in Alphabet by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock worth $10,559,240,000 after purchasing an additional 4,567,275 shares during the period. Finally, Wulff Hansen & CO. boosted its holdings in Alphabet by 18,810.2% in the second quarter. Wulff Hansen & CO. now owns 4,434,260 shares of the information services provider's stock worth $807,700,000 after purchasing an additional 4,410,811 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Performance

Alphabet stock traded up $2.05 during trading hours on Tuesday, reaching $198.05. 29,346,687 shares of the company were exchanged, compared to its average volume of 23,514,902. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $202.29. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.42 trillion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.26 and a beta of 0.98. The stock has a 50-day moving average of $184.74 and a 200 day moving average of $173.33.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $72.85 billion. During the same period in the prior year, the business earned $1.55 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. Alphabet's dividend payout ratio is 10.61%.

Insider Activity

In related news, Director Frances Arnold sold 441 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the transaction, the director now directly owns 16,490 shares in the company, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now owns 282,832 shares of the company's stock, valued at $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,387 shares of company stock valued at $24,368,654. 11.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Alphabet from $212.00 to $232.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Evercore ISI lifted their price objective on shares of Alphabet from $200.00 to $205.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Robert W. Baird reiterated an "outperform" rating and issued a $205.00 target price on shares of Alphabet in a research note on Tuesday, December 10th. Finally, China Renaissance upgraded Alphabet from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.15.

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.