Alphabet Inc. (NASDAQ:GOOGL) is Absoluto Partners Gestao de Recursos Ltda's 8th Largest Position

Absoluto Partners Gestao de Recursos Ltda lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 18.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,830 shares of the information services provider's stock after selling 4,138 shares during the quarter. Alphabet comprises about 3.2% of Absoluto Partners Gestao de Recursos Ltda's investment portfolio, making the stock its 8th biggest position. Absoluto Partners Gestao de Recursos Ltda's holdings in Alphabet were worth $3,565,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Compass Planning Associates Inc bought a new stake in Alphabet during the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new position in Alphabet in the 4th quarter worth approximately $39,000. PayPay Securities Corp lifted its holdings in shares of Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after buying an additional 65 shares during the last quarter. Finally, Navigoe LLC bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $51,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Trading Up 0.1 %

NASDAQ:GOOGL traded up $0.18 during trading hours on Monday, hitting $164.21. 21,320,782 shares of the company were exchanged, compared to its average volume of 28,166,316. The stock has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company has a fifty day simple moving average of $160.19 and a 200 day simple moving average of $175.50. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the business earned $1.89 EPS. Sell-side analysts expect that Alphabet Inc. will post 8.9 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 issued a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Monday, June 9th. Alphabet's payout ratio is presently 9.36%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GOOGL. BMO Capital Markets reaffirmed an "outperform" rating and set a $200.00 target price (down previously from $230.00) on shares of Alphabet in a research report on Thursday, April 17th. KeyCorp boosted their price target on Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Susquehanna reduced their price objective on shares of Alphabet from $225.00 to $220.00 and set a "positive" rating for the company in a report on Friday, April 25th. Morgan Stanley dropped their price target on shares of Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Jefferies Financial Group decreased their price objective on Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $199.46.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 17,690 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now owns 43,111 shares of the company's stock, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,824 shares of company stock worth $25,086,603. 11.55% of the stock is owned by corporate insiders.

About Alphabet

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.