Chiron Investment Management LLC Has $7.84 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Chiron Investment Management LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 169.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,176 shares of the information services provider's stock after buying an additional 25,918 shares during the quarter. Alphabet accounts for about 2.6% of Chiron Investment Management LLC's portfolio, making the stock its 10th largest holding. Chiron Investment Management LLC's holdings in Alphabet were worth $7,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Fiduciary Advisors Inc. purchased a new stake in Alphabet in the 4th quarter valued at $27,000. LSV Asset Management purchased a new position in Alphabet during the fourth quarter worth about $27,000. WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet during the fourth quarter worth $39,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Alphabet during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,663 shares of company stock worth $20,286,447. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GOOG shares. Westpark Capital started coverage on shares of Alphabet in a research report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price target for the company. Morgan Stanley reissued an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. UBS Group decreased their target price on Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $210.88.

Alphabet Price Performance

Shares of NASDAQ GOOG traded down $2.14 during trading on Friday, hitting $153.36. 19,461,666 shares of the company were exchanged, compared to its average volume of 19,413,783. The firm's fifty day moving average price is $167.84 and its 200 day moving average price is $177.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 19.05, a PEG 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.

Alphabet (NASDAQ:GOOG - 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 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, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio 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.