Brant Point Investment Management LLC Grows Stake in Alphabet Inc. (NASDAQ:GOOG)

Brant Point Investment Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,940 shares of the information services provider's stock after acquiring an additional 3,000 shares during the period. Brant Point Investment Management LLC's holdings in Alphabet were worth $3,416,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Broadleaf Partners LLC grew its stake in shares of Alphabet by 81.6% in the fourth quarter. Broadleaf Partners LLC now owns 87,371 shares of the information services provider's stock worth $16,639,000 after acquiring an additional 39,261 shares during the last quarter. Capital Group Private Client Services Inc. grew its position in Alphabet by 2.2% during the 4th quarter. Capital Group Private Client Services Inc. now owns 2,040,236 shares of the information services provider's stock valued at $388,543,000 after purchasing an additional 43,468 shares during the last quarter. Capital International Investors increased its stake in Alphabet by 6.7% during the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock valued at $17,376,706,000 after purchasing an additional 5,758,244 shares in the last quarter. Capital International Sarl raised its holdings in Alphabet by 7.0% in the fourth quarter. Capital International Sarl now owns 412,680 shares of the information services provider's stock worth $78,591,000 after buying an additional 26,890 shares during the last quarter. Finally, Arvest Bank Trust Division lifted its stake in shares of Alphabet by 2.7% in the fourth quarter. Arvest Bank Trust Division now owns 9,055 shares of the information services provider's stock worth $1,724,000 after buying an additional 238 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the transaction, the chief executive officer now directly owns 2,685,196 shares of the company's stock, valued at $419,320,207.36. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,163 shares of company stock valued at $25,361,647. Corporate insiders own 12.99% of the company's stock.

Analyst Ratings Changes

GOOG has been the subject of a number of recent analyst reports. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. KeyCorp dropped their price objective on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Scotiabank boosted their target price on Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. Finally, Benchmark reaffirmed a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus price target of $210.88.

Alphabet Price Performance

NASDAQ:GOOG traded down $2.14 during trading hours on Friday, hitting $153.36. 19,461,666 shares of the stock traded hands, compared to its average volume of 19,427,163. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The stock has a 50 day moving average price of $167.16 and a 200 day moving average price of $177.55. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate 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 forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

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.