Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,379 shares of the information services provider's stock after purchasing an additional 2,810 shares during the period. Alphabet comprises approximately 1.9% of Citizens Financial Group Inc. RI's holdings, making the stock its 12th biggest holding. Citizens Financial Group Inc. RI's holdings in Alphabet were worth $95,100,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Compass Planning Associates Inc acquired a new stake in shares of Alphabet during the 4th quarter worth about $30,000. LMR Partners LLP purchased a new position in shares of Alphabet during the third quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in Alphabet in the 4th quarter worth approximately $39,000. Finally, PayPay Securities Corp raised its holdings in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 1,374 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the sale, the chief accounting officer now owns 15,024 shares of the company's stock, valued at $2,606,213.28. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares of the company's stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,048 shares of company stock worth $17,374,274 in the last three months. 11.55% of the stock is owned by company insiders.

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Alphabet Stock Performance

Shares of Alphabet stock traded down $2.82 during trading on Thursday, hitting $162.24. 24,457,915 shares of the stock were exchanged, compared to its average volume of 25,900,177. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 12 month low of $147.22 and a 12 month high of $207.05. The stock's fifty day moving average is $181.11 and its 200 day moving average is $176.78. The stock has a market cap of $1.98 trillion, a PE ratio of 20.15, a P/E/G ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its 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 net margin of 28.60% and a return on equity of 32.49%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is 9.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GOOGL shares. DA Davidson lifted their price objective on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Needham & Company LLC restated a "buy" rating and issued a $225.00 price target on shares of Alphabet in a report on Wednesday, February 5th. Citigroup dropped their price objective on shares of Alphabet from $232.00 to $229.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. DZ Bank cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price on the stock. in a research report on Thursday, February 6th. Finally, Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $210.59.

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.