J. Stern & Co. LLP Has $69.08 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

J. Stern & Co. LLP trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 362,751 shares of the information services provider's stock after selling 23,200 shares during the quarter. Alphabet comprises about 6.5% of J. Stern & Co. LLP's investment portfolio, making the stock its 3rd largest holding. J. Stern & Co. LLP's holdings in Alphabet were worth $69,080,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its stake in Alphabet by 2.8% in the fourth quarter. FMR LLC now owns 117,991,725 shares of the information services provider's stock valued at $22,470,344,000 after purchasing an additional 3,189,592 shares in the last quarter. Geode Capital Management LLC increased its holdings in Alphabet by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider's stock valued at $19,894,651,000 after buying an additional 1,219,606 shares during the period. Capital International Investors raised its position in shares of Alphabet by 6.7% in the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock valued at $17,376,706,000 after buying an additional 5,758,244 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Alphabet by 0.8% during the 4th quarter. Capital Research Global Investors now owns 39,148,500 shares of the information services provider's stock worth $7,455,571,000 after acquiring an additional 294,556 shares in the last quarter. Finally, Sanders Capital LLC increased its stake in Alphabet by 14.5% in the fourth quarter. Sanders Capital LLC now owns 33,504,543 shares of the information services provider's stock valued at $6,380,605,000 after acquiring an additional 4,247,379 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company's stock, 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 is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the transaction, the chief executive officer now directly owns 2,685,196 shares of the company's stock, valued at approximately $419,320,207.36. This represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,163 shares of company stock worth $25,361,647. Company insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

GOOG has been the subject of several recent analyst reports. Westpark Capital assumed coverage on Alphabet in a research note on Tuesday, April 1st. They set a "buy" rating and a $210.00 target price for the company. Wedbush reaffirmed an "outperform" rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark reiterated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, UBS Group decreased their price target on Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $208.38.

Alphabet Stock Up 2.6 %

Shares of NASDAQ:GOOG opened at $157.97 on Thursday. 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 business's 50 day moving average is $165.19 and its 200 day moving average is $177.19. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The stock has a market cap of $1.93 trillion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. On average, sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

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.

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