Schear Investment Advisers LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,066 shares of the information services provider's stock after acquiring an additional 2,315 shares during the period. Alphabet comprises approximately 3.6% of Schear Investment Advisers LLC's investment portfolio, making the stock its 6th largest holding. Schear Investment Advisers LLC's holdings in Alphabet were worth $6,827,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of GOOGL. Landscape Capital Management L.L.C. increased its position in shares of Alphabet by 27.9% during 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 during the last quarter. abrdn plc increased its position in shares of Alphabet by 10.7% during 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 during the last quarter. Olistico Wealth LLC increased its position in shares of Alphabet by 9.1% during 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 during the last quarter. Centaurus Financial Inc. increased its position in shares of Alphabet by 22.9% during 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 during the last quarter. Finally, Highline Wealth Partners LLC increased its position in shares of Alphabet by 22.7% during the 4th quarter. Highline Wealth Partners LLC now owns 23,164 shares of the information services provider's stock valued at $4,385,000 after purchasing an additional 4,285 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.
Alphabet Price Performance
Shares of GOOGL traded down $4.90 during trading hours on Friday, reaching $179.66. 35,094,289 shares of the company's stock traded hands, compared to its average volume of 28,166,218. The stock has a market cap of $2.19 trillion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm's 50 day simple moving average is $192.46 and its 200-day simple moving average is $175.81. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results 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%. Equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.20 dividend. 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 payout ratio is 9.94%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on GOOGL shares. Roth Mkm raised their target price on Alphabet from $206.00 to $212.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Piper Sandler decreased their target price on Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Morgan Stanley decreased their target price on Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, Phillip Securities raised Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $210.62.
Read Our Latest Analysis on GOOGL
Insider Buying and Selling
In other Alphabet news, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction that occurred 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 transaction, the insider now directly owns 1,449,286 shares of the company's stock, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,299 shares of company stock worth $25,055,751 in the last quarter. 11.55% of the stock is owned by insiders.
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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