Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 782,756 shares of the information services provider's stock after purchasing an additional 11,658 shares during the period. Alphabet accounts for approximately 1.3% of Great Lakes Advisors LLC's portfolio, making the stock its 14th largest position. Great Lakes Advisors LLC's holdings in Alphabet were worth $148,176,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Compass Planning Associates Inc bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $30,000. LMR Partners LLP bought a new stake in Alphabet during the 3rd quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of 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 valued at $37,000 after acquiring an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet in the fourth quarter worth $39,000. Finally, PayPay Securities Corp raised its position in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after buying an additional 65 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Down 2.6 %

NASDAQ GOOGL traded down $4.42 during midday trading on Wednesday, hitting $166.14. 13,291,069 shares of the company traded hands, compared to its average volume of 25,831,595. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05. The company's 50-day simple moving average is $181.72 and its 200-day simple moving average is $176.86. The company has a market cap of $2.03 trillion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's payout ratio is presently 9.94%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GOOGL shares. JPMorgan Chase & Co. lowered their target price on Alphabet from $232.00 to $220.00 and set an "overweight" rating on the stock in a report 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 note on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and issued a $225.00 price target on shares of Alphabet in a research note on Wednesday, February 5th. Wells Fargo & Company raised their price objective on Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Finally, Robert W. Baird restated an "outperform" rating and issued a $205.00 price target on shares of Alphabet in a research report on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $210.59.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 200 shares of the company's 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 transaction, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the firm's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now directly owns 43,981 shares of the company's stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,048 shares of company stock worth $17,374,274. Insiders own 11.55% of the company's stock.

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.