Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Bayesian Capital Management LP

Bayesian Capital Management LP grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 450.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,900 shares of the information services provider's stock after acquiring an additional 30,200 shares during the period. Alphabet comprises about 0.9% of Bayesian Capital Management LP's investment portfolio, making the stock its 9th biggest holding. Bayesian Capital Management LP's holdings in Alphabet were worth $7,027,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GPS Wealth Strategies Group LLC increased its position in Alphabet by 6.8% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock worth $3,094,000 after buying an additional 1,041 shares during the period. Harvest Investment Services LLC increased its holdings in shares of Alphabet by 3.3% in the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock worth $824,000 after acquiring an additional 138 shares during the period. North Forty Two & Co. bought a new stake in Alphabet in the 4th quarter valued at about $281,000. SageView Advisory Group LLC boosted its stake in Alphabet by 140.6% during the 4th quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider's stock valued at $2,806,000 after purchasing an additional 8,610 shares during the period. Finally, Requisite Capital Management LLC bought a new position in Alphabet in the 4th quarter worth about $927,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of NASDAQ GOOG traded up $0.24 during trading on Monday, hitting $166.05. The company had a trading volume of 15,291,571 shares, compared to its average volume of 19,159,194. The company has a market cap of $2.02 trillion, a P/E ratio of 20.63, a PEG ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The business's 50-day moving average is $162.07 and its 200 day moving average is $177.25. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. The business had revenue of $90.23 billion during 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%. Alphabet's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. Equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a $0.21 dividend. 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 0.51%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's dividend payout ratio (DPR) is 9.36%.

Analyst Ratings Changes

GOOG has been the topic of a number of recent analyst reports. Scotiabank cut their price target on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. lifted their target price on Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Westpark Capital reissued a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research note on Friday, April 25th. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Benchmark reissued a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $203.94.

Insider Activity

In related news, insider Ruth Porat sold 17,690 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares of the company's stock, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,824 shares of company stock worth $25,086,603 over the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet 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.