Grafton Street Partners Fund LP Acquires 11,800 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Grafton Street Partners Fund LP grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 114,773 shares of the information services provider's stock after acquiring an additional 11,800 shares during the period. Alphabet comprises 15.8% of Grafton Street Partners Fund LP's holdings, making the stock its 2nd largest holding. Grafton Street Partners Fund LP's holdings in Alphabet were worth $21,727,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. FMR LLC lifted its holdings in Alphabet by 9.8% in the fourth quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock valued at $47,025,322,000 after buying an additional 22,100,902 shares during the period. Norges Bank bought a new stake in shares of Alphabet during the 4th quarter valued at about $24,383,677,000. Capital Research Global Investors grew its stake in Alphabet by 16.2% during the fourth quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider's stock worth $13,635,878,000 after purchasing an additional 10,037,685 shares during the period. Wellington Management Group LLP grew its stake in Alphabet by 15.9% during the fourth quarter. Wellington Management Group LLP now owns 66,050,135 shares of the information services provider's stock worth $12,503,291,000 after purchasing an additional 9,042,271 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Alphabet by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after buying an additional 4,567,275 shares during the period. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 17,690 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock valued at $25,361,647 in the last quarter. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

NASDAQ GOOGL opened at $151.47 on Wednesday. The company's 50 day moving average is $163.72 and its 200-day moving average is $175.61. The firm has a market cap of $1.85 trillion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. Sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.53%. Alphabet's dividend payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several research analyst reports. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research note on Thursday, April 10th. Wolfe Research lifted their price target on shares of Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of Alphabet from $184.00 to $167.00 and set an "equal weight" rating on the stock in a research report on Monday, March 31st. Jefferies Financial Group dropped their price target on Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Morgan Stanley decreased their price objective on Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.74.

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.

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