Fisher Funds Management LTD acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 922,386 shares of the information services provider's stock, valued at approximately $175,207,000. Alphabet accounts for approximately 4.2% of Fisher Funds Management LTD's holdings, making the stock its 3rd biggest holding.
A number of other large investors also recently bought and sold shares of GOOGL. Pettinga Financial Advisors LLC lifted its holdings in Alphabet by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider's stock valued at $363,000 after purchasing an additional 201 shares in the last quarter. Forsta AP Fonden raised its position in shares of Alphabet by 8.8% in the third quarter. Forsta AP Fonden now owns 1,599,400 shares of the information services provider's stock valued at $265,260,000 after buying an additional 129,100 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of Alphabet by 2.2% during the third quarter. NorthCrest Asset Manangement LLC now owns 299,943 shares of the information services provider's stock valued at $49,746,000 after buying an additional 6,344 shares during the period. Horizon Bancorp Inc. IN boosted its position in Alphabet by 10.9% during the third quarter. Horizon Bancorp Inc. IN now owns 2,510 shares of the information services provider's stock worth $416,000 after acquiring an additional 247 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its stake in Alphabet by 21,228.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 716,199 shares of the information services provider's stock worth $118,782,000 after acquiring an additional 712,841 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.
Alphabet Trading Down 1.1 %
GOOGL traded down $1.83 during mid-day trading on Tuesday, reaching $164.04. The stock had a trading volume of 37,620,358 shares, compared to its average volume of 30,083,514. The stock has a market capitalization of $2.00 trillion, a P/E ratio of 20.38, a P/E/G ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 52 week low of $137.03 and a 52 week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm's fifty day simple moving average is $187.71 and its two-hundred day simple moving average is $176.56.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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 predict that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.
Insider Buying and Selling
In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ruth Porat sold 17,690 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares of the company's stock, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,182 shares of company stock valued at $18,192,354 over the last three months. Company insiders own 11.55% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on GOOGL. Wolfe Research increased their price target on Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. The Goldman Sachs Group reissued a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research note on Thursday, December 12th. Cantor Fitzgerald dropped their price objective 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. Citigroup cut their price objective on shares of Alphabet from $232.00 to $229.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Finally, DA Davidson boosted their target price on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $210.62.
Get Our Latest Stock Analysis on Alphabet
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.
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