Eagle Rock Investment Company LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,056 shares of the information services provider's stock after buying an additional 2,048 shares during the period. Alphabet comprises 4.0% of Eagle Rock Investment Company LLC's portfolio, making the stock its 4th largest holding. Eagle Rock Investment Company LLC's holdings in Alphabet were worth $24,241,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Schear Investment Advisers LLC lifted its position in shares of Alphabet by 17.0% during the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock worth $5,598,000 after buying an additional 4,905 shares during the period. Trinity Financial Advisors LLC lifted its holdings in shares of Alphabet by 4.5% during the third quarter. Trinity Financial Advisors LLC now owns 4,423 shares of the information services provider's stock valued at $771,000 after acquiring an additional 190 shares during the period. Landscape Capital Management L.L.C. grew its holdings in shares of Alphabet by 27.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock worth $4,192,000 after purchasing an additional 5,516 shares during the last quarter. abrdn plc increased its position in shares of Alphabet by 10.7% during the 3rd quarter. abrdn plc now owns 6,305,717 shares of the information services provider's stock worth $1,037,196,000 after purchasing an additional 611,233 shares in the last quarter. Finally, StoneCrest Wealth Management Inc. lifted its holdings in Alphabet by 0.7% during the 3rd quarter. StoneCrest Wealth Management Inc. now owns 21,509 shares of the information services provider's stock valued at $3,567,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 40.03% of the company's stock.
Insider Activity
In related news, CAO Amie Thuener O'toole sold 1,367 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. This represents a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the transaction, the director now directly owns 21,824 shares of the company's stock, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock worth $24,368,654 over the last three months. Corporate insiders own 11.55% of the company's stock.
Alphabet Stock Up 1.6 %
Shares of GOOGL traded up $3.09 on Monday, hitting $196.00. The company's stock had a trading volume of 27,621,897 shares, compared to its average volume of 23,105,888. The firm's fifty day moving average price is $184.43 and its 200-day moving average price is $173.25. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $201.42. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.22 and a beta of 0.98.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $72.85 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 8.03 EPS for the current year.
Alphabet Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet's dividend payout ratio (DPR) is presently 10.61%.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Bank of America reaffirmed a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Pivotal Research increased their price target on Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Alphabet from $212.00 to $232.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Piper Sandler restated an "overweight" rating and set a $210.00 target price (up previously from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Alphabet in a report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $208.15.
Check Out Our Latest Report on GOOGL
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.
Featured Stories
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
