Bryn Mawr Capital Management LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,819 shares of the information services provider's stock after acquiring an additional 2,256 shares during the quarter. Alphabet accounts for approximately 2.2% of Bryn Mawr Capital Management LLC's portfolio, making the stock its 6th largest position. Bryn Mawr Capital Management LLC's holdings in Alphabet were worth $40,665,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after purchasing an additional 4,567,275 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Alphabet during the 3rd quarter valued at $513,024,000. Geode Capital Management LLC increased its stake in Alphabet by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock valued at $22,154,651,000 after purchasing an additional 2,626,431 shares in the last quarter. National Bank of Canada FI increased its stake in Alphabet by 26.9% during the 3rd quarter. National Bank of Canada FI now owns 10,064,598 shares of the information services provider's stock valued at $1,669,300,000 after purchasing an additional 2,136,128 shares in the last quarter. Finally, Darsana Capital Partners LP bought a new stake in Alphabet during the 3rd quarter valued at $331,700,000. Institutional investors own 40.03% of the company's stock.
Insider Activity
In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the transaction, the director now owns 23,324 shares of the company's stock, valued at $4,529,987.28. The trade was a 6.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the sale, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $4,085,531.55. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,182 shares of company stock worth $18,192,354 over the last ninety days. Company insiders own 11.55% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on GOOGL. Cantor Fitzgerald decreased their price target on shares of Alphabet from $215.00 to $210.00 and set a "neutral" rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price objective on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. DZ Bank downgraded shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective on the stock. in a report on Thursday, February 6th. KeyCorp lifted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. Finally, Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. 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 stock has an average rating of "Moderate Buy" and an average target price of $210.62.
View Our Latest Research Report on GOOGL
Alphabet Trading Down 1.1 %
Shares of GOOGL opened at $164.04 on Wednesday. The business's 50-day moving average price is $187.20 and its 200-day moving average price is $176.55. Alphabet Inc. has a twelve month low of $137.03 and a twelve month high of $207.05. The stock has a market cap of $2.00 trillion, a PE ratio of 20.38, 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 (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's dividend payout ratio is presently 9.94%.
Alphabet 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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