Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Capital International Investors

Capital International Investors boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,236,069 shares of the information services provider's stock after acquiring an additional 5,758,244 shares during the quarter. Alphabet accounts for approximately 3.3% of Capital International Investors' investment portfolio, making the stock its 3rd biggest position. Capital International Investors owned 0.75% of Alphabet worth $17,376,706,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GOOG. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Alphabet during the fourth quarter worth about $27,000. WealthTrak Capital Management LLC purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet in the fourth quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC purchased a new position in Alphabet in the fourth quarter worth approximately $43,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent analyst reports. Scotiabank increased their price objective on shares of Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. KeyCorp decreased their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Westpark Capital assumed coverage on Alphabet in a research report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price objective for the company. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Benchmark reaffirmed a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.88.

Insider Buying and Selling

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

Alphabet Price Performance

Shares of GOOG stock traded down $2.14 during mid-day trading on Friday, reaching $153.36. The stock had a trading volume of 19,461,666 shares, compared to its average volume of 19,427,163. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $167.16 and a 200 day simple moving average of $177.55. The company has a market cap of $1.87 trillion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current 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 given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.52%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Alphabet 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.