GMT Capital Corp Has $89.51 Million Position in Alphabet Inc. (NASDAQ:GOOG)

GMT Capital Corp lessened its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 470,000 shares of the information services provider's stock after selling 40,800 shares during the period. Alphabet makes up 4.4% of GMT Capital Corp's portfolio, making the stock its 8th biggest position. GMT Capital Corp's holdings in Alphabet were worth $89,507,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fiduciary Advisors Inc. acquired a new position in Alphabet during the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Alphabet in the 4th quarter worth approximately $27,000. WealthTrak Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Alphabet in the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Alphabet in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOG traded up $2.38 during midday trading on Friday, hitting $163.85. The company's stock had a trading volume of 35,100,087 shares, compared to its average volume of 19,311,734. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.34 and a beta of 1.04. The stock's 50 day simple moving average is $164.25 and its 200 day simple moving average is $177.35. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.77. The company had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is presently 9.94%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total value of $5,075,200.00. Following the completion of the sale, the chief executive officer now owns 2,685,196 shares in the company, valued at approximately $419,320,207.36. This trade represents a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,163 shares of company stock worth $25,361,647. Company insiders own 12.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GOOG shares. Citigroup reaffirmed a "sell" rating on shares of Alphabet in a research note on Wednesday. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer lifted their price objective on shares of Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Alphabet from $180.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Scotiabank reduced their target price on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $203.94.

Alphabet Company 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.