Signaturefd LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,766 shares of the information services provider's stock after buying an additional 1,986 shares during the quarter. Alphabet accounts for 0.8% of Signaturefd LLC's investment portfolio, making the stock its 22nd largest position. Signaturefd LLC's holdings in Alphabet were worth $41,034,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Schear Investment Advisers LLC grew its stake in shares of Alphabet by 17.0% during the third quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock worth $5,598,000 after purchasing an additional 4,905 shares in the last quarter. Permanent Capital Management LP acquired a new stake in Alphabet in the fourth quarter valued at $273,000. Landscape Capital Management L.L.C. lifted its holdings in 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 worth $4,192,000 after buying an additional 5,516 shares during the last quarter. Glass Wealth Management Co LLC boosted its position in shares of Alphabet by 4.5% during the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock worth $7,014,000 after acquiring an additional 1,580 shares in the last quarter. Finally, Olistico Wealth LLC increased its holdings 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 acquiring an additional 746 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Insider Buying and Selling
In other news, CAO Amie Thuener O'toole sold 1,368 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the sale, the chief accounting officer now owns 20,681 shares of the company's stock, valued at approximately $3,961,445.55. The trade was a 6.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the transaction, the insider now directly owns 49,037 shares in the company, valued at $8,181,333.08. The trade was a 19.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,992 shares of company stock worth $16,093,773. 11.55% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on GOOGL. Piper Sandler lowered their price target on Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Wedbush upped their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Bank of America reiterated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. Roth Mkm reissued a "buy" rating and issued a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Robert W. Baird reaffirmed an "outperform" rating and set a $205.00 price target on shares of Alphabet in a research report on Tuesday, December 10th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $209.49.
Check Out Our Latest Report on Alphabet
Alphabet Stock Up 0.5 %
NASDAQ GOOGL traded up $0.73 on Tuesday, reaching $155.37. The company had a trading volume of 4,263,558 shares, compared to its average volume of 27,302,442. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 1 year low of $147.22 and a 1 year high of $207.05. The firm has a 50-day moving average of $178.83 and a 200-day moving average of $177.10. The firm has a market capitalization of $1.89 trillion, a PE ratio of 19.29, a P/E/G ratio of 1.34 and a beta of 1.02.
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 for the quarter, beating the consensus estimate 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 anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is 9.94%.
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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