Proficio Capital Partners LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 20,990.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,186,748 shares of the information services provider's stock after purchasing an additional 6,157,413 shares during the period. Alphabet accounts for about 0.7% of Proficio Capital Partners LLC's portfolio, making the stock its 25th biggest holding. Proficio Capital Partners LLC owned about 0.05% of Alphabet worth $1,171,151,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of GOOGL. JPMorgan Chase & Co. increased its holdings in Alphabet by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after purchasing an additional 4,567,275 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Alphabet in the 3rd quarter valued at about $513,024,000. Geode Capital Management LLC increased its stake in shares of Alphabet by 2.0% in the third 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 buying an additional 2,626,431 shares during the period. National Bank of Canada FI increased its stake in shares of Alphabet by 26.9% in the third quarter. National Bank of Canada FI now owns 10,064,598 shares of the information services provider's stock valued at $1,669,300,000 after buying an additional 2,136,128 shares during the period. Finally, Darsana Capital Partners LP bought a new position in shares of Alphabet during the third quarter worth about $331,700,000. 40.03% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, insider John Kent Walker sold 16,820 shares of the firm's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 1,368 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $3,961,445.55. The trade was a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,682 shares of company stock valued at $17,901,024. Insiders own 11.55% of the company's stock.
Analyst Ratings Changes
Several brokerages recently commented on GOOGL. Stifel Nicolaus upped their target price on Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price objective on shares of Alphabet in a research note on Wednesday, February 5th. Cantor Fitzgerald decreased their price objective on shares of Alphabet from $215.00 to $210.00 and set a "neutral" rating for the company in a research report on Wednesday, January 22nd. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $210.00 price target on shares of Alphabet in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $210.62.
Get Our Latest Analysis on GOOGL
Alphabet Stock Up 1.9 %
GOOGL opened at $167.11 on Thursday. Alphabet Inc. has a fifty-two week low of $138.99 and a fifty-two week high of $207.05. The firm has a market capitalization of $2.04 trillion, a P/E ratio of 20.76, a PEG ratio of 1.34 and a beta of 1.02. The company's 50-day moving average is $186.76 and its 200 day moving average is $176.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet's dividend payout ratio (DPR) 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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