Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Mizuho Markets Cayman LP

Mizuho Markets Cayman LP lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 56.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,986 shares of the information services provider's stock after selling 20,543 shares during the quarter. Alphabet comprises approximately 6.9% of Mizuho Markets Cayman LP's investment portfolio, making the stock its 5th largest holding. Mizuho Markets Cayman LP's holdings in Alphabet were worth $3,026,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GOOGL. State Street Corp lifted its holdings in shares of Alphabet by 0.3% during the third quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock worth $36,910,838,000 after purchasing an additional 743,369 shares during the period. Geode Capital Management LLC lifted its stake in Alphabet by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock valued at $22,154,651,000 after acquiring an additional 2,626,431 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after acquiring an additional 4,567,275 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Alphabet by 1.5% in the fourth quarter. Fisher Asset Management LLC now owns 50,615,038 shares of the information services provider's stock worth $9,581,427,000 after acquiring an additional 757,138 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Alphabet by 3.3% during the fourth 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 purchasing an additional 1,218,639 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

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Alphabet Trading Down 4.0 %

GOOGL traded down $6.32 during trading hours on Thursday, reaching $150.72. The company's stock had a trading volume of 46,763,615 shares, compared to its average volume of 27,471,312. The business's 50-day moving average is $177.19 and its 200-day moving average is $176.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market cap of $1.84 trillion, a PE ratio of 18.72, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $147.22 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. As a group, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.53%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GOOGL shares. UBS Group set a $190.00 price target on Alphabet in a research report on Thursday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 target price on shares of Alphabet in a report on Wednesday, February 5th. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $205.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Wolfe Research boosted their target price on shares of Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.13.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. This trade represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the sale, the director now owns 21,824 shares in the company, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,297 shares of company stock worth $15,936,270 over the last ninety days. Corporate insiders own 11.55% of the company's stock.

Alphabet 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.