Silver Oak Securities Incorporated lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 36.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,695 shares of the information services provider's stock after acquiring an additional 7,171 shares during the period. Silver Oak Securities Incorporated's holdings in Alphabet were worth $5,105,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in GOOGL. State Street Corp boosted its position in Alphabet by 0.3% during the 3rd quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock worth $36,910,838,000 after acquiring an additional 743,369 shares during the last quarter. Geode Capital Management LLC grew its position in Alphabet by 2.0% in the third quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock valued at $22,154,651,000 after purchasing an additional 2,626,431 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after buying an additional 4,567,275 shares during the last quarter. Fisher Asset Management LLC lifted its position in Alphabet by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 49,857,900 shares of the information services provider's stock worth $8,268,933,000 after buying an additional 1,237,385 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Alphabet by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 37,233,079 shares of the information services provider's stock worth $6,175,106,000 after buying an additional 523,416 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Price Performance
GOOGL stock traded up $1.42 during mid-day trading on Wednesday, hitting $185.19. The stock had a trading volume of 15,355,850 shares, compared to its average volume of 27,277,332. The firm has a fifty day simple moving average of $193.02 and a 200 day simple moving average of $175.42. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 23.01, a P/E/G ratio of 1.35 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. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced 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 net margin of 28.60% and a return on equity of 32.49%. As a group, research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued 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 dividend yield of 0.43%. Alphabet's dividend payout ratio (DPR) is currently 9.94%.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Sanford C. Bernstein upped their target price on Alphabet from $180.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. China Renaissance upgraded Alphabet from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. DZ Bank cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price for the company. in a research note on Thursday, February 6th. Phillip Securities raised shares of Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Finally, Citigroup decreased their price objective on shares of Alphabet from $232.00 to $229.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Ten equities research 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. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $210.62.
Check Out Our Latest Stock Analysis on Alphabet
Insider Buying and Selling
In other news, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the transaction, the director now directly owns 23,324 shares in the company, valued at approximately $4,529,987.28. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock worth $18,528,318 in the last ninety days. 11.55% of the stock is owned by insiders.
About Alphabet
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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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