Mizuho Securities USA LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 45.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,784 shares of the information services provider's stock after acquiring an additional 173,859 shares during the period. Alphabet makes up approximately 1.9% of Mizuho Securities USA LLC's holdings, making the stock its 8th biggest holding. Mizuho Securities USA LLC's holdings in Alphabet were worth $104,831,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Alphabet by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider's stock valued at $1,871,384,000 after purchasing an additional 337,031 shares during the last quarter. Capital City Trust Co. FL increased its position in Alphabet by 1.0% during the third quarter. Capital City Trust Co. FL now owns 65,586 shares of the information services provider's stock valued at $10,877,000 after acquiring an additional 640 shares during the last quarter. Drive Wealth Management LLC raised its stake in shares of Alphabet by 4.9% in the third quarter. Drive Wealth Management LLC now owns 23,968 shares of the information services provider's stock valued at $3,975,000 after acquiring an additional 1,118 shares during the period. Cassaday & Co Wealth Management LLC lifted its holdings in shares of Alphabet by 3.1% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 22,305 shares of the information services provider's stock worth $3,699,000 after acquiring an additional 672 shares during the last quarter. Finally, Tidemark LLC boosted its stake in shares of Alphabet by 2.5% during the 3rd quarter. Tidemark LLC now owns 3,143 shares of the information services provider's stock worth $521,000 after purchasing an additional 77 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Piper Sandler decreased their price objective on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group dropped their price objective on Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday, March 31st. DA Davidson increased their target price on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Roth Mkm reissued a "buy" rating and set a $220.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. cut their price target on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $209.13.
Get Our Latest Stock Report on GOOGL
Alphabet Stock Performance
Shares of Alphabet stock traded down $5.12 during trading on Friday, hitting $145.60. 62,123,086 shares of the company's stock were exchanged, compared to its average volume of 27,597,046. The stock has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.34 and a beta of 1.03. The business has a 50-day simple moving average of $175.15 and a 200-day simple moving average of $176.81. Alphabet Inc. has a 52-week low of $145.38 and a 52-week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is presently 9.94%.
Insiders Place Their Bets
In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the sale, the chief accounting officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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 2nd. The shares were sold at an average price of $158.56, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,797 shares of company stock worth $21,089,470. Corporate insiders own 11.55% of the company's stock.
Alphabet Company 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.
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