Alkeon Capital Management LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,224,186 shares of the information services provider's stock after buying an additional 1,870 shares during the quarter. Alphabet accounts for 2.0% of Alkeon Capital Management LLC's holdings, making the stock its 6th largest holding. Alkeon Capital Management LLC's holdings in Alphabet were worth $988,938,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of GOOGL. Compass Planning Associates Inc acquired a new stake in Alphabet in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Alphabet by 518.8% in 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 acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at about $39,000. PayPay Securities Corp lifted its stake in 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 purchasing an additional 65 shares during the last quarter. Finally, Anderson Financial Strategies LLC purchased a new stake in Alphabet during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Trading Up 0.1 %
Shares of Alphabet stock traded up $0.18 during mid-day trading on Monday, hitting $164.21. 21,320,782 shares of the stock 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. 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 Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The company has a 50-day simple moving average of $160.19 and a 200 day simple moving average of $175.50.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. The company had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same period in the previous year, the company earned $1.89 EPS. Research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is currently 9.36%.
Wall Street Analyst Weigh In
GOOGL has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, April 23rd. Stifel Nicolaus decreased their price objective on shares of Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Roth Mkm reiterated a "buy" rating and set a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Westpark Capital raised Alphabet to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, UBS Group set a $195.00 price target on Alphabet in a research note on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus target price of $199.46.
View Our Latest Stock Analysis on GOOGL
Insider Activity at Alphabet
In other Alphabet news, insider John Kent Walker sold 17,690 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 2,824 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total transaction of $529,302.32. Following the completion of the sale, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,815,948.32. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 146,824 shares of company stock worth $25,086,603. Corporate insiders own 11.55% of the company's stock.
Alphabet Company Profile
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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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