Resolute Advisors LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,611 shares of the information services provider's stock, valued at approximately $688,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Norges Bank purchased a new position in shares of Alphabet in the fourth quarter valued at $5,166,070,000. Raymond James Financial Inc. purchased a new position in Alphabet in the 4th quarter valued at about $1,551,533,000. GQG Partners LLC grew its stake in shares of Alphabet by 181,679.1% during the fourth quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider's stock valued at $1,376,066,000 after acquiring an additional 7,221,746 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Alphabet by 5,712.8% during the fourth quarter. Proficio Capital Partners LLC now owns 4,367,831 shares of the information services provider's stock worth $831,810,000 after acquiring an additional 4,292,689 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Alphabet during the fourth quarter worth about $328,018,000. Hedge funds and other institutional investors own 27.26% of the company's stock.
Alphabet Stock Performance
Shares of Alphabet stock traded down $4.89 on Friday, reaching $147.74. 39,777,547 shares of the company were exchanged, compared to its average volume of 19,017,938. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 1-year low of $146.24 and a 1-year high of $208.70. 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 company's 50-day moving average is $177.04 and its two-hundred day moving average is $178.30.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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%. As a group, research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.54%. Alphabet's dividend payout ratio is presently 9.94%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on GOOG. Wedbush restated an "outperform" rating and set a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Westpark Capital assumed coverage on shares of Alphabet in a research report on Tuesday. They set a "buy" rating and a $210.00 price target for the company. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Rosenblatt Securities reiterated a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Benchmark reissued a "negative" 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 assigned a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $208.65.
Read Our Latest Report on GOOG
Insider Buying and Selling at Alphabet
In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the transaction, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. The trade was a 19.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,297 shares of company stock valued at $15,936,270 in the last ninety days. Company insiders own 12.99% of the company's stock.
Alphabet 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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