Alphabet Inc. (NASDAQ:GOOGL) is Mirabella Financial Services LLP's 7th Largest Position

Mirabella Financial Services LLP lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 81.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,087 shares of the information services provider's stock after selling 643,198 shares during the period. Alphabet makes up approximately 2.5% of Mirabella Financial Services LLP's investment portfolio, making the stock its 7th largest position. Mirabella Financial Services LLP's holdings in Alphabet were worth $28,400,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Alphabet in the fourth quarter worth $24,383,677,000. FMR LLC raised its holdings in shares of Alphabet by 9.8% during the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock worth $47,025,322,000 after buying an additional 22,100,902 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Alphabet by 16.2% during the 4th quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider's stock worth $13,635,878,000 after buying an additional 10,037,685 shares in the last quarter. Wellington Management Group LLP grew its position in Alphabet by 15.9% in the fourth quarter. Wellington Management Group LLP now owns 66,050,135 shares of the information services provider's stock valued at $12,503,291,000 after acquiring an additional 9,042,271 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in Alphabet by 20,990.0% during the fourth quarter. Proficio Capital Partners LLC now owns 6,186,748 shares of the information services provider's stock worth $1,171,151,000 after acquiring an additional 6,157,413 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Up 1.7 %

Shares of GOOGL traded up $2.68 during trading hours on Friday, hitting $161.96. The company had a trading volume of 55,915,519 shares, compared to its average volume of 28,549,312. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The stock's 50 day moving average price is $162.61 and its 200 day moving average price is $175.44. The firm has a market cap of $1.97 trillion, a P/E ratio of 20.12, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. On average, research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.52%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is presently 9.94%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Alphabet in a research note on Thursday, April 10th. Wolfe Research boosted their price objective on Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Morgan Stanley dropped their target price on Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Roth Mkm reiterated a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Finally, Citigroup raised their price target on shares of Alphabet from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $199.03.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now owns 7,813 shares in the company, valued at approximately $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. Insiders have sold 148,163 shares of company stock worth $25,361,647 in the last 90 days. Insiders own 11.55% of the company's stock.

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.