Polen Capital Management LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,230,197 shares of the information services provider's stock after selling 44,129 shares during the quarter. Alphabet makes up 0.6% of Polen Capital Management LLC's investment portfolio, making the stock its 27th biggest holding. Polen Capital Management LLC's holdings in Alphabet were worth $232,876,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. 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 buying an additional 6,157,413 shares during the last quarter. Amundi raised its position in shares of Alphabet by 18.7% in the 4th quarter. Amundi now owns 29,866,698 shares of the information services provider's stock worth $5,792,317,000 after acquiring an additional 4,694,621 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 worth $10,559,240,000 after acquiring an additional 4,567,275 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Alphabet in the 3rd quarter valued at about $513,024,000. Finally, Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 2,626,431 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on GOOGL. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Robert W. Baird reiterated an "outperform" rating and set a $205.00 target price on shares of Alphabet in a research report on Tuesday, December 10th. Piper Sandler reduced their price target on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Wedbush boosted their target price on Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company decreased their price objective on Alphabet from $184.00 to $167.00 and set an "equal weight" rating for the company in a report on Monday. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $209.49.
View Our Latest Stock Report on Alphabet
Alphabet Stock Performance
NASDAQ GOOGL traded up $2.43 during trading on Tuesday, hitting $157.07. 30,638,515 shares of the company's stock traded hands, compared to its average volume of 27,380,987. 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 stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 12-month low of $147.22 and a 12-month high of $207.05. The business has a 50 day moving average of $178.01 and a 200-day moving average of $177.09.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly 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 anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.
Insider Buying and Selling
In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99. This represents a 4.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,665 shares of company stock valued at $16,198,310. Corporate insiders own 11.55% of the company's stock.
About Alphabet
(
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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