Transce3nd LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,840 shares of the information services provider's stock, valued at approximately $542,000.
A number of other large investors have also modified their holdings of GOOG. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in shares of Alphabet during the fourth quarter worth $27,000. WealthTrak Capital Management LLC bought a new position in shares of Alphabet in the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Alphabet in the 4th quarter valued at about $39,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Alphabet during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 27.26% of the company's stock.
Alphabet Stock Performance
Alphabet stock traded up $4.07 during trading hours on Wednesday, hitting $157.97. The stock had a trading volume of 18,527,994 shares, compared to its average volume of 19,405,238. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. 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 company has a 50-day moving average of $165.77 and a two-hundred day moving average of $177.32. The company has a market cap of $1.93 trillion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04.
Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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 8.89 EPS for the current fiscal year.
Alphabet Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet's dividend payout ratio is currently 9.94%.
Analysts Set New Price Targets
GOOG has been the topic of several analyst reports. KeyCorp dropped their price target on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Wedbush reiterated an "outperform" rating and issued a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Rosenblatt Securities reissued a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. Oppenheimer increased their price objective on Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Needham & Company LLC restated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $208.38.
Check Out Our Latest Analysis on Alphabet
Insider Buying and Selling at Alphabet
In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,163 shares of company stock valued at $25,361,647. 12.99% of the stock is currently owned by company insiders.
Alphabet Company Profile
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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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