Bank Julius Baer & Co. Ltd Zurich reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,605,883 shares of the information services provider's stock after selling 12,115 shares during the quarter. Alphabet comprises about 4.8% of Bank Julius Baer & Co. Ltd Zurich's holdings, making the stock its 2nd biggest holding. Bank Julius Baer & Co. Ltd Zurich owned 0.06% of Alphabet worth $1,552,300,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of GOOGL. Pettinga Financial Advisors LLC lifted its position in Alphabet by 10.1% during the third quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider's stock valued at $363,000 after purchasing an additional 201 shares during the last quarter. Impax Asset Management Group plc raised its position in Alphabet by 6.8% during the third quarter. Impax Asset Management Group plc now owns 728,575 shares of the information services provider's stock valued at $120,834,000 after purchasing an additional 46,677 shares in the last quarter. David J Yvars Group lifted its stake in Alphabet by 16.3% during the third quarter. David J Yvars Group now owns 4,290 shares of the information services provider's stock worth $712,000 after purchasing an additional 600 shares during the last quarter. WoodTrust Financial Corp boosted its holdings in shares of Alphabet by 1.0% in the 3rd quarter. WoodTrust Financial Corp now owns 66,226 shares of the information services provider's stock worth $10,984,000 after purchasing an additional 682 shares in the last quarter. Finally, BNC Wealth Management LLC increased its position in shares of Alphabet by 3.5% during the 3rd quarter. BNC Wealth Management LLC now owns 65,616 shares of the information services provider's stock valued at $10,882,000 after purchasing an additional 2,243 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on GOOGL. Roth Mkm reissued a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Bank of America reaffirmed a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Wedbush increased their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $210.59.
Read Our Latest Analysis on GOOGL
Insiders Place Their Bets
In other Alphabet news, insider John Kent Walker sold 16,820 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares of the company's stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,048 shares of company stock valued at $17,374,274. Insiders own 11.55% of the company's stock.
Alphabet Stock Performance
Shares of GOOGL stock traded up $3.69 during trading hours on Monday, reaching $167.68. The company had a trading volume of 30,832,008 shares, compared to its average volume of 25,891,091. The firm has a market cap of $2.04 trillion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The business has a fifty day moving average price of $182.57 and a 200-day moving average price of $176.65. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.
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 net margin of 28.60% and a return on equity of 32.49%. Sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is 9.94%.
Alphabet Company Profile
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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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