Winslow Capital Management LLC Has $740.48 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Winslow Capital Management LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,888,268 shares of the information services provider's stock after buying an additional 190,847 shares during the quarter. Alphabet comprises approximately 2.6% of Winslow Capital Management LLC's investment portfolio, making the stock its 9th largest holding. Winslow Capital Management LLC's holdings in Alphabet were worth $740,482,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GOOG. Sterling Financial Planning Inc. boosted its position in shares of Alphabet by 2.6% during the 4th quarter. Sterling Financial Planning Inc. now owns 1,941 shares of the information services provider's stock worth $370,000 after purchasing an additional 50 shares in the last quarter. Arlington Trust Co LLC raised its stake in Alphabet by 0.4% during the 4th quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider's stock worth $2,747,000 after buying an additional 52 shares during the period. Harrell Investment Partners LLC boosted its holdings in Alphabet by 0.9% in the fourth quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider's stock worth $1,078,000 after acquiring an additional 53 shares in the last quarter. Ethos Financial Group LLC grew its stake in Alphabet by 0.7% in the fourth quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider's stock valued at $1,395,000 after acquiring an additional 53 shares during the period. Finally, Redhawk Wealth Advisors Inc. raised its position in shares of Alphabet by 1.1% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider's stock worth $966,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Activity

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the transaction, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,797 shares of company stock worth $21,089,470. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Performance

GOOG traded up $4.03 during trading hours on Friday, hitting $159.40. The stock had a trading volume of 22,564,215 shares, compared to its average volume of 19,421,099. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The company's fifty day simple moving average is $170.50 and its 200 day simple moving average is $177.99. The stock has a market cap of $1.94 trillion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

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, 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%. Equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GOOG shares. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley reaffirmed an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Benchmark reissued a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reaffirmed an "outperform" rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Finally, KeyCorp lowered their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average target price of $208.71.

Alphabet Profile

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.