GUARDCAP ASSET MANAGEMENT Ltd lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 49.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,650,301 shares of the information services provider's stock after selling 1,632,697 shares during the quarter. Alphabet makes up approximately 5.0% of GUARDCAP ASSET MANAGEMENT Ltd's holdings, making the stock its 11th biggest holding. GUARDCAP ASSET MANAGEMENT Ltd's holdings in Alphabet were worth $312,402,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in Alphabet by 0.3% during the third quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock valued at $36,910,838,000 after purchasing an additional 743,369 shares during the period. Geode Capital Management LLC boosted its position in shares of Alphabet by 2.0% during the third quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock worth $22,154,651,000 after purchasing an additional 2,626,431 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Alphabet by 7.7% in the 3rd 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. Fisher Asset Management LLC increased its position in shares of Alphabet by 1.5% in the 4th quarter. Fisher Asset Management LLC now owns 50,615,038 shares of the information services provider's stock valued at $9,581,427,000 after buying an additional 757,138 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Alphabet by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 38,451,718 shares of the information services provider's stock worth $7,278,910,000 after buying an additional 1,218,639 shares in the last quarter. 40.03% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
GOOGL has been the topic of several research reports. Westpark Capital upgraded Alphabet to a "strong-buy" rating in a research note on Tuesday. DZ Bank cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price for the company. in a report on Thursday, February 6th. Piper Sandler decreased their target price on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Needham & Company LLC reissued a "buy" rating and set a $225.00 price target on shares of Alphabet in a research report on Wednesday, February 5th. Finally, DA Davidson increased their price target on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $209.13.
View Our Latest Stock Analysis on Alphabet
Insider Activity at Alphabet
In related news, insider John Kent Walker sold 11,764 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the transaction, the insider now directly owns 49,037 shares of the company's stock, valued at approximately $8,181,333.08. This trade represents a 19.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,834 shares of Alphabet stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the transaction, the chief accounting officer now owns 17,847 shares of the company's stock, valued at $3,468,029.04. This represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,297 shares of company stock valued at $15,936,270. 11.55% of the stock is owned by insiders.
Alphabet Trading Down 4.0 %
GOOGL stock traded down $6.32 during mid-day trading on Thursday, reaching $150.72. The company's stock had a trading volume of 46,763,615 shares, compared to its average volume of 27,471,312. The company has a market cap of $1.84 trillion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12 month low of $147.22 and a 12 month high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The business's 50 day moving average price is $177.19 and its 200 day moving average price is $176.95.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio is presently 9.94%.
Alphabet Company Profile
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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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