Horizon Investments LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 23.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,192 shares of the information services provider's stock after purchasing an additional 1,764 shares during the period. Horizon Investments LLC's holdings in Alphabet were worth $1,740,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. State Street Corp lifted 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 in the last quarter. Geode Capital Management LLC increased its stake 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. raised its position in shares of Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock worth $10,559,240,000 after purchasing an additional 4,567,275 shares during the last quarter. Fisher Asset Management LLC lifted its stake in 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. boosted its holdings in Alphabet by 3.3% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Stock Down 0.0 %
NASDAQ GOOGL traded down $0.03 during trading hours on Wednesday, hitting $157.04. 24,682,619 shares of the company were exchanged, compared to its average volume of 27,382,781. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.91 trillion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.34 and a beta of 1.03. The company has a 50 day moving average of $177.19 and a two-hundred day moving average of $176.95. Alphabet Inc. has a 52-week low of $147.22 and a 52-week high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. Equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Dividend Announcement
The company also recently disclosed 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. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet's dividend payout ratio (DPR) is currently 9.94%.
Insider Transactions at Alphabet
In other news, CAO Amie Thuener O'toole sold 1,368 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the sale, the chief accounting officer now owns 20,681 shares of the company's stock, valued at approximately $3,961,445.55. This trade represents a 6.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 29,066 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the sale, the director now owns 272,466 shares of the company's stock, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 88,665 shares of company stock valued at $16,198,310. Insiders own 11.55% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on GOOGL. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Wells Fargo & Company reduced their price objective on Alphabet from $184.00 to $167.00 and set an "equal weight" rating for the company in a research note on Monday. Morgan Stanley lowered their target price on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Westpark Capital raised shares of Alphabet to a "strong-buy" rating in a report on Tuesday. Finally, Piper Sandler decreased their price target on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.49.
View Our Latest Analysis on Alphabet
Alphabet Company Profile
(
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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