William Blair Investment Management LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 830,704 shares of the information services provider's stock after selling 111,906 shares during the quarter. William Blair Investment Management LLC's holdings in Alphabet were worth $157,252,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Schear Investment Advisers LLC grew its holdings in shares of Alphabet by 17.0% in the third quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock valued at $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 approximately $273,000. Landscape Capital Management L.L.C. lifted its stake in Alphabet by 27.9% in the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock worth $4,192,000 after acquiring an additional 5,516 shares during the last quarter. Glass Wealth Management Co LLC grew its holdings in 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 position 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 purchasing an additional 746 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on GOOGL shares. DZ Bank downgraded 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. Wells Fargo & Company dropped their price objective on Alphabet from $184.00 to $167.00 and set an "equal weight" rating on the stock in a report on Monday. Jefferies Financial Group lowered their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday. Needham & Company LLC restated a "buy" rating and set a $225.00 price target on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $209.49.
Get Our Latest Analysis on Alphabet
Alphabet Stock Down 0.3 %
Alphabet stock traded down $0.54 during trading hours on Monday, hitting $153.80. The company had a trading volume of 25,594,222 shares, compared to its average volume of 27,274,985. Alphabet Inc. has a fifty-two week low of $147.22 and a fifty-two week high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The firm's fifty day moving average is $179.66 and its 200-day moving average is $177.10.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 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, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.52%. Alphabet's dividend payout ratio (DPR) is currently 9.94%.
Insiders Place Their Bets
In other Alphabet news, CAO Amie Thuener O'toole sold 1,368 shares of Alphabet stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the transaction, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at $3,961,445.55. The trade was a 6.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the sale, the insider now directly owns 49,037 shares of the company's stock, valued at approximately $8,181,333.08. This trade represents a 19.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,992 shares of company stock valued at $16,097,111 over the last 90 days. 11.55% of the stock is currently owned by company 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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