Savant Capital LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 149,387 shares of the information services provider's stock after buying an additional 7,159 shares during the period. Savant Capital LLC's holdings in Alphabet were worth $28,279,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Schear Investment Advisers LLC lifted its stake in shares of Alphabet by 17.0% in the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock valued at $5,598,000 after purchasing an additional 4,905 shares in the last quarter. Landscape Capital Management L.L.C. lifted its stake in shares of Alphabet by 27.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock valued at $4,192,000 after purchasing an additional 5,516 shares in the last quarter. abrdn plc lifted its stake in shares of Alphabet by 10.7% in the 3rd quarter. abrdn plc now owns 6,305,717 shares of the information services provider's stock valued at $1,037,196,000 after purchasing an additional 611,233 shares in the last quarter. Olistico Wealth LLC lifted its stake in shares of Alphabet by 9.1% in the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock valued at $1,700,000 after purchasing an additional 746 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its stake in shares of Alphabet by 22.9% in the 3rd quarter. Centaurus Financial Inc. now owns 61,540 shares of the information services provider's stock valued at $10,206,000 after purchasing an additional 11,481 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, insider Ruth Porat sold 17,690 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the sale, the insider now owns 1,449,286 shares of the company's stock, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,299 shares of company stock worth $25,055,751. 11.55% of the stock is owned by company insiders.
Alphabet Stock Performance
NASDAQ:GOOGL traded down $4.90 during midday trading on Friday, reaching $179.66. 35,094,289 shares of the company traded hands, compared to its average volume of 28,166,218. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $207.05. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. 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 company has a fifty day moving average price of $192.46 and a 200 day moving average price of $175.69.
Alphabet (NASDAQ:GOOGL - 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%. On average, analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given 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 0.45%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on Alphabet from $215.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. DA Davidson raised their target price on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, January 24th. DZ Bank downgraded Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price on the stock. in a report on Thursday, February 6th. Phillip Securities upgraded Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company raised their target price on Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $210.62.
Get Our Latest Research Report on Alphabet
Alphabet 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.
Recommended Stories
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
