Brown University bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 30,000 shares of the information services provider's stock, valued at approximately $5,679,000. Alphabet comprises approximately 2.4% of Brown University's holdings, making the stock its 6th largest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of GOOGL. Bennett Selby Investments LP increased its holdings in shares of Alphabet by 4.0% in the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock worth $256,000 after purchasing an additional 52 shares during the period. Macroview Investment Management LLC grew its position in Alphabet by 4.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after buying an additional 52 shares in the last quarter. Conrad Siegel Investment Advisors Inc. increased its stake in Alphabet by 0.5% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after acquiring an additional 53 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in Alphabet by 2.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after acquiring an additional 53 shares during the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Alphabet by 0.7% in the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock valued at $1,425,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 40.03% of the company's stock.
Analysts Set New Price Targets
A number of research firms have commented 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. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. The Goldman Sachs Group reissued a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Thursday, December 12th. Jefferies Financial Group cut their target price on Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research note on Monday. Finally, Wedbush boosted their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $209.49.
Read Our Latest Report on GOOGL
Alphabet Stock Down 0.3 %
Shares of Alphabet stock traded down $0.54 on Monday, reaching $153.80. The company's stock had a trading volume of 25,594,222 shares, compared to its average volume of 27,274,985. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 1.34 and a beta of 1.02. 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 Inc. has a 52 week low of $147.22 and a 52 week high of $207.05. The firm's fifty day simple moving average is $179.66 and its two-hundred day simple moving average is $177.10.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly 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%. Equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. Alphabet's payout ratio is 9.94%.
Insider Transactions at Alphabet
In other news, insider Ruth Porat sold 17,690 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares of the company's stock, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the transaction, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. This trade represents a 19.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,992 shares of company stock worth $16,097,111 in the last ninety days. Insiders own 11.55% of the company's stock.
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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