Alphabet Inc. (NASDAQ:GOOGL) is C Partners Holding GmbH's 2nd Largest Position

C Partners Holding GmbH grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 35.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 269,412 shares of the information services provider's stock after buying an additional 71,213 shares during the quarter. Alphabet accounts for 12.7% of C Partners Holding GmbH's holdings, making the stock its 2nd largest holding. C Partners Holding GmbH's holdings in Alphabet were worth $51,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Compass Planning Associates Inc acquired a new stake in Alphabet in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter worth $39,000. PayPay Securities Corp increased its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after buying an additional 65 shares in the last quarter. Finally, Anderson Financial Strategies LLC purchased a new stake in Alphabet in the fourth quarter valued at about $49,000. Institutional investors own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GOOGL. Rosenblatt Securities dropped their target price on shares of Alphabet from $205.00 to $189.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Jefferies Financial Group decreased their price objective on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, March 31st. JMP Securities restated a "market perform" rating on shares of Alphabet in a research report on Tuesday. Tigress Financial lifted their price target on Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, April 30th. Finally, Sanford C. Bernstein lifted their price target on Alphabet from $165.00 to $185.00 and gave the stock a "market perform" rating in a report on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $199.46.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 2,824 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total transaction of $529,302.32. Following the transaction, the chief accounting officer now directly owns 15,024 shares in the company, valued at $2,815,948.32. The trade was a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 17,690 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares of the company's stock, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,824 shares of company stock worth $25,086,603 in the last quarter. Company insiders own 11.55% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL traded down $11.86 during trading hours on Wednesday, reaching $151.38. The stock had a trading volume of 127,431,655 shares, compared to its average volume of 28,562,681. The firm has a market cap of $1.84 trillion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The firm has a 50-day moving average of $159.92 and a 200-day moving average of $175.42. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion for 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%. During the same period in the previous year, the company posted $1.89 EPS. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 dividend on an annualized basis and a dividend yield of 0.55%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

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.