Pacifica Capital Investments LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 52.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,249 shares of the information services provider's stock after selling 39,055 shares during the period. Alphabet accounts for 2.2% of Pacifica Capital Investments LLC's investment portfolio, making the stock its 6th biggest holding. Pacifica Capital Investments LLC's holdings in Alphabet were worth $6,713,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Alphabet by 5.2% in the 3rd quarter. FMR LLC now owns 114,802,133 shares of the information services provider's stock valued at $19,193,768,000 after buying an additional 5,655,022 shares during the period. Geode Capital Management LLC grew its holdings in shares of Alphabet by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 103,557,486 shares of the information services provider's stock valued at $17,247,208,000 after acquiring an additional 259,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Alphabet by 10.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,334,082 shares of the information services provider's stock worth $5,573,125,000 after acquiring an additional 3,113,395 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Alphabet by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,824,307 shares of the information services provider's stock worth $5,870,181,000 after acquiring an additional 875,480 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Alphabet by 2.5% during the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider's stock valued at $1,843,149,000 after purchasing an additional 264,962 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.
Alphabet Stock Performance
Shares of NASDAQ GOOG traded up $2.86 during mid-day trading on Tuesday, hitting $172.79. The company had a trading volume of 13,791,642 shares, compared to its average volume of 17,844,933. Alphabet Inc. has a 12 month low of $148.20 and a 12 month high of $208.70. 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 firm has a market cap of $2.11 trillion, a P/E ratio of 21.46, a PEG ratio of 1.34 and a beta of 1.03. The business's 50-day simple moving average is $183.93 and its 200-day simple moving average is $178.30.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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%. As a group, analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's payout ratio is 9.94%.
Insider Activity
In related news, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company's stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,048 shares of company stock worth $17,374,274. Corporate insiders own 12.99% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Scotiabank raised their price target on Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Oppenheimer raised their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Benchmark restated a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average price target of $209.13.
View Our Latest Stock Analysis on GOOG
Alphabet Company Profile
(
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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