Alphabet Inc. (NASDAQ:GOOG) is Crow s Nest Holdings LP's 5th Largest Position

Crow s Nest Holdings LP raised its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,000 shares of the information services provider's stock after acquiring an additional 15,000 shares during the quarter. Alphabet makes up about 8.2% of Crow s Nest Holdings LP's investment portfolio, making the stock its 5th largest holding. Crow s Nest Holdings LP's holdings in Alphabet were worth $39,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sterling Financial Planning Inc. increased its stake in shares of Alphabet by 2.6% during the fourth 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 lifted its position in Alphabet by 0.4% during the fourth 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 in the last quarter. Harrell Investment Partners LLC grew its holdings in shares of Alphabet by 0.9% in the fourth quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider's stock valued at $1,078,000 after purchasing an additional 53 shares during the period. Ethos Financial Group LLC increased its holdings in shares of Alphabet by 0.7% during the 4th quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider's stock worth $1,395,000 after buying an additional 53 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its stake in 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 acquiring an additional 54 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Alphabet Price Performance

GOOG stock traded up $2.95 on Thursday, reaching $155.75. 38,308,957 shares of the company's stock were exchanged, compared to its average volume of 19,467,820. 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 Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The firm has a market cap of $1.89 trillion, a PE ratio of 19.35, a P/E/G ratio of 1.34 and a beta of 1.01. The stock has a fifty day moving average of $161.59 and a 200-day moving average of $177.00.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. As a group, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a dividend of $0.21 per share. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's payout ratio is currently 9.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GOOG shares. JPMorgan Chase & Co. boosted their price target on shares of Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. KeyCorp reduced their target price on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Needham & Company LLC cut Alphabet from a "buy" rating to a "cautious" rating in a research report on Friday, May 2nd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Tigress Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $203.94.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total value of $5,075,200.00. Following the sale, the chief executive officer now directly owns 2,685,196 shares in the company, valued at $419,320,207.36. This represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the sale, the director now directly owns 7,613 shares in the company, valued at approximately $1,232,544.70. The trade was a 2.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,824 shares of company stock valued at $25,086,603. 12.99% 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.