Alphadyne Asset Management LP purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 56,271 shares of the information services provider's stock, valued at approximately $10,716,000. Alphabet comprises approximately 1.7% of Alphadyne Asset Management LP's holdings, making the stock its 4th biggest position.
Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Alphabet during the 4th quarter worth approximately $5,166,070,000. Raymond James Financial Inc. purchased a new position in Alphabet during the fourth quarter worth $1,551,533,000. Northern Trust Corp raised its holdings in shares of Alphabet by 16.1% in the fourth quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock worth $10,873,751,000 after acquiring an additional 7,917,625 shares during the last quarter. GQG Partners LLC lifted its position in shares of Alphabet by 181,679.1% in the fourth quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider's stock valued at $1,376,066,000 after acquiring an additional 7,221,746 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Alphabet by 6.7% during the fourth quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock valued at $17,376,706,000 after acquiring an additional 5,758,244 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet Stock Up 1.9 %
GOOG opened at $165.81 on Friday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The firm has a 50 day moving average price of $162.25 and a 200 day moving average price of $177.09. 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 company has a market cap of $2.01 trillion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned $1.89 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is currently 9.36%.
Insider Transactions at Alphabet
In other Alphabet news, Director John L. Hennessy sold 200 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares of the company's stock, valued at $1,293,285.89. This represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,164 shares of company stock valued at $25,357,390 over the last quarter. Company insiders own 12.99% of the company's stock.
Analysts Set New Price Targets
GOOG has been the subject of several analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Westpark Capital reissued a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Wedbush reaffirmed an "outperform" rating and issued a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a research note on Friday. Finally, Scotiabank lowered their price objective on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $203.94.
Read Our Latest Report on Alphabet
About Alphabet
(
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.
Further Reading
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