Lionshead Wealth Management LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,556 shares of the information services provider's stock, valued at approximately $487,000.
Several other large investors have also bought and sold shares of the company. Investment Management Corp of Ontario boosted its stake in Alphabet by 22.4% during the fourth quarter. Investment Management Corp of Ontario now owns 348,050 shares of the information services provider's stock valued at $66,283,000 after buying an additional 63,720 shares in the last quarter. Investor s Fiduciary Advisor Network LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $2,980,000. Janus Henderson Group PLC boosted its position in shares of Alphabet by 5.0% in the 4th quarter. Janus Henderson Group PLC now owns 30,827,999 shares of the information services provider's stock valued at $5,870,944,000 after purchasing an additional 1,467,805 shares during the period. Kaizen Financial Strategies boosted its position in shares of Alphabet by 24.9% in the 4th quarter. Kaizen Financial Strategies now owns 20,930 shares of the information services provider's stock valued at $3,986,000 after purchasing an additional 4,173 shares during the period. Finally, Hudson Bay Capital Management LP boosted its position in shares of Alphabet by 5.6% in the 4th quarter. Hudson Bay Capital Management LP now owns 23,331 shares of the information services provider's stock valued at $4,443,000 after purchasing an additional 1,241 shares during the period. Institutional investors own 27.26% of the company's stock.
Insider Buying and Selling at Alphabet
In other Alphabet news, CAO Amie Thuener O'toole sold 2,824 shares of Alphabet stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total value of $529,302.32. Following the sale, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,815,948.32. The trade was a 15.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the completion of the sale, the chief executive officer now owns 2,652,696 shares in the company, valued at $413,555,306.40. The trade was a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 179,324 shares of company stock valued at $30,153,353. Company insiders own 12.99% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on GOOG shares. UBS Group decreased their price target on Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Susquehanna reissued a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Benchmark reissued a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Needham & Company LLC downgraded Alphabet from a "buy" rating to a "cautious" rating in a research note on Friday, May 2nd. Finally, KeyCorp cut their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $203.94.
View Our Latest Report on GOOG
Alphabet Trading Up 3.7%
Shares of GOOG stock traded up $5.92 on Wednesday, reaching $166.81. 31,717,334 shares of the stock were exchanged, compared to its average volume of 19,637,478. The stock has a market cap of $2.02 trillion, a PE ratio of 20.72, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. 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 stock has a 50 day moving average price of $160.39 and a 200 day moving average price of $176.86.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.
Alphabet Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.50%. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's payout ratio is presently 9.36%.
Alphabet 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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