Lbp Am Sa raised its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 422,500 shares of the information services provider's stock after purchasing an additional 17,436 shares during the period. Alphabet makes up about 1.1% of Lbp Am Sa's investment portfolio, making the stock its 18th biggest holding. Lbp Am Sa's holdings in Alphabet were worth $80,461,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of GOOG. Sterling Financial Planning Inc. raised its stake in Alphabet by 2.6% in the 4th quarter. Sterling Financial Planning Inc. now owns 1,941 shares of the information services provider's stock valued at $370,000 after acquiring an additional 50 shares during the period. Arlington Trust Co LLC raised its stake in Alphabet by 0.4% in the 4th quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider's stock valued at $2,747,000 after acquiring an additional 52 shares during the period. Harrell Investment Partners LLC raised its stake in Alphabet by 0.9% in the 4th quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider's stock valued at $1,078,000 after acquiring an additional 53 shares during the period. Ethos Financial Group LLC increased its position in shares of Alphabet by 0.7% during the fourth quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider's stock valued at $1,395,000 after buying an additional 53 shares during the period. Finally, Redhawk Wealth Advisors Inc. increased its position in shares of Alphabet by 1.1% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider's stock valued at $966,000 after buying an additional 54 shares during the period. Institutional investors own 27.26% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on GOOG. Wedbush reiterated an "outperform" rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Citizens Jmp cut Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Scotiabank upped their price target on Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. Morgan Stanley reiterated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $209.13.
Read Our Latest Stock Analysis on GOOG
Alphabet Stock Performance
NASDAQ GOOG opened at $164.73 on Friday. Alphabet Inc. has a 52-week low of $141.13 and a 52-week high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $2.01 trillion, a P/E ratio of 20.46, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a fifty day moving average of $187.92 and a 200-day moving average of $177.92.
Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results 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 net margin of 28.60% and a return on equity of 32.49%. As a group, equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's dividend payout ratio is presently 9.94%.
Insiders Place Their Bets
In other news, CAO Amie Thuener O'toole sold 2,834 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at approximately $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares of the company's stock, valued at approximately $265,914,995.28. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,882 shares of company stock valued at $17,934,130 over the last three months. Insiders own 12.99% of the company's stock.
Alphabet 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.
See Also
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).
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