S&CO Inc. reduced its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 138,675 shares of the information services provider's stock after selling 4,410 shares during the quarter. Alphabet makes up about 1.8% of S&CO Inc.'s portfolio, making the stock its 15th largest holding. S&CO Inc.'s holdings in Alphabet were worth $26,409,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. FMR LLC boosted its stake in shares of Alphabet by 5.2% in the 3rd quarter. FMR LLC now owns 114,802,133 shares of the information services provider's stock valued at $19,193,768,000 after purchasing an additional 5,655,022 shares during the last quarter. Geode Capital Management LLC boosted its stake in Alphabet by 0.3% during the third quarter. Geode Capital Management LLC now owns 103,557,486 shares of the information services provider's stock worth $17,247,208,000 after acquiring an additional 259,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Alphabet by 10.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,334,082 shares of the information services provider's stock worth $5,573,125,000 after acquiring an additional 3,113,395 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Alphabet by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,824,307 shares of the information services provider's stock worth $5,870,181,000 after acquiring an additional 875,480 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Alphabet by 9.1% during the third quarter. Jennison Associates LLC now owns 15,424,324 shares of the information services provider's stock worth $2,578,793,000 after acquiring an additional 1,291,274 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Stock Performance
NASDAQ GOOG traded up $2.88 during trading hours on Wednesday, reaching $168.86. 11,834,277 shares of the company were exchanged, compared to its average volume of 19,006,480. Alphabet Inc. has a 1 year low of $140.01 and a 1 year high of $208.70. The business's 50 day simple moving average is $188.87 and its 200-day simple moving average is $178.08. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 20.98, a P/E/G ratio of 1.34 and a beta of 1.03.
Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Dividend Announcement
The firm also recently announced 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 is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. Alphabet's dividend payout ratio is presently 9.94%.
Insiders Place Their Bets
In other Alphabet news, CAO Amie Thuener O'toole sold 1,374 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at $2,606,213.28. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company's stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,182 shares of company stock worth $18,192,354 over the last quarter. 12.99% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Benchmark reissued a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Scotiabank increased their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Needham & Company LLC restated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.13.
Read Our Latest Analysis on Alphabet
Alphabet Company 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.
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