Parker Investment Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,938 shares of the information services provider's stock after selling 2,042 shares during the quarter. Alphabet makes up 6.5% of Parker Investment Management LLC's portfolio, making the stock its 7th biggest holding. Parker Investment Management LLC's holdings in Alphabet were worth $41,504,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in GOOG. Raymond James Financial Inc. purchased a new stake in Alphabet during the fourth quarter valued at approximately $1,551,533,000. FMR LLC increased its position in Alphabet by 5.2% during 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 in the last quarter. Proficio Capital Partners LLC boosted its position in Alphabet by 5,712.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,367,831 shares of the information services provider's stock valued at $831,810,000 after buying an additional 4,292,689 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Alphabet by 10.3% in the 3rd 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 valued at $5,573,125,000 after buying an additional 3,113,395 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Alphabet by 182.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,526,055 shares of the information services provider's stock valued at $422,331,000 after purchasing an additional 1,630,701 shares during the period. 27.26% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Kavitark Ram Shriram sold 29,066 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the sale, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now owns 1,449,286 shares of the company's stock, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,182 shares of company stock worth $18,192,354 over the last ninety days. Insiders own 12.99% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on GOOG shares. The Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Morgan Stanley reaffirmed an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark reiterated a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush restated an "outperform" rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Finally, Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $209.13.
Get Our Latest Analysis on Alphabet
Alphabet Trading Up 1.7 %
Alphabet stock traded up $2.87 during trading hours on Wednesday, reaching $168.85. 11,700,557 shares of the company's stock traded hands, compared to its average volume of 19,006,480. The firm's 50 day moving average is $188.87 and its 200-day moving average is $178.08. 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 firm has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $140.01 and a fifty-two week high of $208.70.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet's dividend payout ratio is currently 9.94%.
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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