Himension Capital Singapore PTE. LTD. lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 40.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,587 shares of the information services provider's stock after acquiring an additional 35,000 shares during the quarter. Alphabet accounts for approximately 1.6% of Himension Capital Singapore PTE. LTD.'s holdings, making the stock its 10th largest position. Himension Capital Singapore PTE. LTD.'s holdings in Alphabet were worth $23,206,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in GOOGL. Community Bank N.A. grew its stake in Alphabet by 6.4% during the 4th quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock worth $8,741,000 after buying an additional 2,790 shares during the last quarter. Premier Fund Managers Ltd grew its position in Alphabet by 30.0% in the 4th quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider's stock worth $11,816,000 after purchasing an additional 14,262 shares during the last quarter. Absolute Capital Management LLC increased its stake in shares of Alphabet by 14.0% in the fourth quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider's stock valued at $401,000 after purchasing an additional 258 shares during the period. Permanent Capital Management LP acquired a new position in shares of Alphabet during the fourth quarter worth approximately $273,000. Finally, Glass Wealth Management Co LLC increased its position in Alphabet by 4.5% in the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock valued at $7,014,000 after acquiring an additional 1,580 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
GOOGL has been the topic of a number of research analyst reports. Wedbush set a $190.00 price target on Alphabet and gave the company an "outperform" rating in a report on Tuesday. Jefferies Financial Group reduced their price target on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Stifel Nicolaus boosted their target price on Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 13th. DZ Bank cut Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target on the stock. in a research report on Thursday, February 6th. Finally, Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $203.51.
Get Our Latest Stock Analysis on Alphabet
Alphabet Price Performance
NASDAQ:GOOGL traded down $1.05 during mid-day trading on Wednesday, hitting $155.26. The company's stock had a trading volume of 6,539,842 shares, compared to its average volume of 28,141,172. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The stock has a fifty day moving average of $167.17 and a 200-day moving average of $176.14.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.
Insider Transactions at Alphabet
In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the 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 completion of the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,663 shares of company stock valued at $20,286,447. Corporate insiders own 11.55% of the company's stock.
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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