Shengqi Capital Hong Kong Ltd purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 90,991 shares of the information services provider's stock, valued at approximately $17,225,000. Alphabet accounts for approximately 10.5% of Shengqi Capital Hong Kong Ltd's holdings, making the stock its 3rd largest holding.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Greenwoods Asset Management Hong Kong Ltd. lifted its position in shares of Alphabet by 953.0% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 501,299 shares of the information services provider's stock worth $94,896,000 after purchasing an additional 453,694 shares during the last quarter. Marco Investment Management LLC lifted its position in shares of Alphabet by 6.9% during the 4th quarter. Marco Investment Management LLC now owns 87,179 shares of the information services provider's stock worth $16,503,000 after purchasing an additional 5,655 shares during the last quarter. Jackson Creek Investment Advisors LLC lifted its position in shares of Alphabet by 4.3% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 5,379 shares of the information services provider's stock worth $1,018,000 after purchasing an additional 220 shares during the last quarter. BBR Partners LLC lifted its position in shares of Alphabet by 12.2% during the 4th quarter. BBR Partners LLC now owns 98,797 shares of the information services provider's stock worth $18,702,000 after purchasing an additional 10,716 shares during the last quarter. Finally, West Family Investments Inc. lifted its position in shares of Alphabet by 4.8% during the 4th quarter. West Family Investments Inc. now owns 33,341 shares of the information services provider's stock worth $6,311,000 after purchasing an additional 1,514 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Alphabet Trading Up 0.7 %
NASDAQ GOOGL traded up $1.19 during mid-day trading on Friday, reaching $163.99. 36,577,258 shares of the stock were exchanged, compared to its average volume of 25,871,209. Alphabet Inc. has a 1-year low of $147.22 and a 1-year high of $207.05. The business's fifty day simple moving average is $182.57 and its 200 day simple moving average is $176.51. The stock has a market capitalization of $2.00 trillion, a PE ratio of 20.37, a PEG ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results 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, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Alphabet's dividend payout ratio (DPR) is currently 9.94%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on GOOGL shares. DZ Bank lowered shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target on the stock. in a research note on Thursday, February 6th. Roth Mkm reiterated a "buy" rating and set a $220.00 price target on shares of Alphabet in a research note on Wednesday. Rosenblatt Securities reiterated a "neutral" rating and set a $205.00 price target on shares of Alphabet in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, DA Davidson lifted their price target on shares of Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.59.
Read Our Latest Stock Analysis on Alphabet
Insider Buying and Selling
In other Alphabet news, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now owns 7,813 shares of the company's stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction that occurred on 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 directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,048 shares of company stock worth $17,374,274. 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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