Bayesian Capital Management LP lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 138.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,200 shares of the information services provider's stock after purchasing an additional 23,310 shares during the period. Alphabet comprises approximately 0.9% of Bayesian Capital Management LP's portfolio, making the stock its 7th largest position. Bayesian Capital Management LP's holdings in Alphabet were worth $7,610,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Planning Associates Inc purchased a new stake in Alphabet in the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 valued at $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at about $39,000. PayPay Securities Corp boosted its position in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after purchasing an additional 65 shares during the period. Finally, Anderson Financial Strategies LLC purchased a new position in Alphabet during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Price Performance
Shares of NASDAQ GOOGL traded up $0.18 during trading on Monday, reaching $164.21. The company had a trading volume of 21,320,782 shares, compared to its average volume of 28,166,019. The stock has a market capitalization of $1.99 trillion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. 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 stock has a 50-day moving average price of $160.02 and a two-hundred day moving average price of $175.50. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 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%. During the same period in the prior year, the business posted $1.89 earnings per share. As a group, sell-side 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 given a dividend of $0.21 per share. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.51%. Alphabet's dividend payout ratio is 9.36%.
Insiders Place Their Bets
In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total value of $5,075,200.00. Following the transaction, the chief executive officer now directly owns 2,685,196 shares of the company's stock, valued at $419,320,207.36. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares of the company's stock, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,824 shares of company stock valued at $25,086,603 over the last quarter. Company insiders own 11.55% of the company's stock.
Analysts Set New Price Targets
GOOGL has been the subject of a number of research reports. UBS Group set a $195.00 price objective on Alphabet in a research note on Friday, April 25th. 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. DA Davidson dropped their price objective on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Wedbush set a $190.00 target price on shares of Alphabet and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. Finally, Mizuho lowered their price target on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.46.
Check Out Our Latest Stock Report on GOOGL
Alphabet Company Profile
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Free Report)
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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