Alphabet Inc. (NASDAQ:GOOG) is Shapiro Capital Management LLC's 8th Largest Position

Shapiro Capital Management LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534,203 shares of the information services provider's stock after selling 31,980 shares during the period. Alphabet makes up about 3.5% of Shapiro Capital Management LLC's holdings, making the stock its 8th biggest holding. Shapiro Capital Management LLC's holdings in Alphabet were worth $101,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. Fiduciary Advisors Inc. purchased a new stake in Alphabet during the 4th quarter valued at $27,000. LSV Asset Management purchased a new stake in Alphabet during the 4th quarter valued at $27,000. WealthTrak Capital Management LLC purchased a new stake in Alphabet during the 4th quarter valued at $38,000. Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet during the 4th quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new stake in Alphabet during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the transaction, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,824 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total transaction of $529,302.32. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares in the company, valued at $2,815,948.32. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 179,324 shares of company stock valued at $30,153,353 over the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

GOOG opened at $165.40 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.01 trillion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.34 and a beta of 1.01. The company's 50 day moving average is $160.16 and its 200 day moving average is $176.77. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70.

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

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.51%. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is currently 9.36%.

Analyst Ratings Changes

GOOG has been the subject of several research analyst reports. Westpark Capital reaffirmed a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Friday, April 25th. Wedbush reaffirmed an "outperform" rating and issued a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Oppenheimer increased their price target on shares of Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. UBS Group reduced their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $171.00 price target on shares of Alphabet in a research note on Friday, April 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.

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