Alphabet Inc. (NASDAQ:GOOG) Position Increased by Dorsey Asset Management LLC

Dorsey Asset Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 41.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 639,218 shares of the information services provider's stock after acquiring an additional 187,600 shares during the period. Alphabet accounts for about 12.5% of Dorsey Asset Management LLC's holdings, making the stock its 3rd biggest position. Dorsey Asset Management LLC's holdings in Alphabet were worth $121,733,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. boosted its holdings in shares of Alphabet by 2.5% in the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider's stock valued at $1,843,149,000 after acquiring an additional 264,962 shares in the last quarter. Fortem Financial Group LLC boosted its holdings in Alphabet by 6.8% in the 4th quarter. Fortem Financial Group LLC now owns 1,633 shares of the information services provider's stock valued at $311,000 after purchasing an additional 104 shares in the last quarter. Diversified Trust Co increased its position in Alphabet by 2.6% during the 4th quarter. Diversified Trust Co now owns 116,457 shares of the information services provider's stock worth $22,178,000 after purchasing an additional 2,959 shares during the period. Regent Peak Wealth Advisors LLC raised its stake in shares of Alphabet by 0.6% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 17,606 shares of the information services provider's stock worth $3,353,000 after buying an additional 108 shares in the last quarter. Finally, Spartan Planning & Wealth Management acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $1,683,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Down 0.9 %

Alphabet stock traded down $1.37 during trading on Friday, reaching $154.38. The company had a trading volume of 22,820,181 shares, compared to its average volume of 19,511,566. Alphabet Inc. has a 12-month low of $142.66 and a 12-month 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. The stock's 50 day moving average price is $160.96 and its two-hundred day moving average price is $176.85. The firm has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - 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 $90.23 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%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.89 EPS. As a group, equities analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal 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 given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is 9.36%.

Insiders Place Their Bets

In related news, CAO Amie Thuener O'toole sold 2,824 shares of the company's stock in a transaction on 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 directly owns 15,024 shares of the company's stock, valued at approximately $2,815,948.32. This represents a 15.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total value of $5,066,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,652,696 shares in the company, valued at $413,555,306.40. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 179,324 shares of company stock worth $30,153,353 over the last three months. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GOOG. Benchmark reiterated a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. UBS Group decreased their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Citigroup reiterated a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Susquehanna restated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Finally, KeyCorp decreased their price objective on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Three investment 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's stock. According to data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average target price of $203.94.

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.