TT Capital Management LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,169 shares of the information services provider's stock, valued at approximately $1,393,000. Alphabet comprises about 1.1% of TT Capital Management LLC's portfolio, making the stock its 20th biggest holding.
A number of other institutional investors have also recently bought and sold shares of the company. BTG Pactual Asset Management US LLC boosted its position in shares of Alphabet by 34.8% during the fourth quarter. BTG Pactual Asset Management US LLC now owns 216,715 shares of the information services provider's stock worth $41,271,000 after purchasing an additional 55,977 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in Alphabet by 0.7% during the fourth quarter. Advisors Capital Management LLC now owns 503,464 shares of the information services provider's stock worth $95,880,000 after acquiring an additional 3,488 shares in the last quarter. Seeds Investor LLC lifted its holdings in Alphabet by 39.4% during the fourth quarter. Seeds Investor LLC now owns 4,168 shares of the information services provider's stock worth $794,000 after acquiring an additional 1,178 shares in the last quarter. Alapocas Investment Partners Inc. increased its holdings in shares of Alphabet by 0.3% in the fourth quarter. Alapocas Investment Partners Inc. now owns 85,996 shares of the information services provider's stock worth $16,377,000 after acquiring an additional 236 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Alphabet during the fourth quarter worth about $7,027,000. Institutional investors and hedge funds own 27.26% of the company's stock.
Insider Activity
In other Alphabet news, insider John Kent Walker sold 17,690 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the transaction, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. This represents a 29.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 115,663 shares of company stock valued at $20,286,447 over the last quarter. 12.99% of the stock is owned by company insiders.
Alphabet Price Performance
NASDAQ:GOOG traded down $3.18 on Wednesday, hitting $155.50. The company had a trading volume of 16,903,668 shares, compared to its average volume of 19,400,727. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.34 and a beta of 1.04. The firm has a 50 day moving average of $169.17 and a two-hundred day moving average of $177.83.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.
Analyst Ratings Changes
GOOG has been the subject of several research analyst reports. Oppenheimer boosted their price objective on Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Westpark Capital assumed coverage on shares of Alphabet in a research report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price objective for the company. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. KeyCorp lowered their target price on Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, Wedbush reissued an "outperform" rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.71.
Check Out Our Latest Report 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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