Bearing Point Capital LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,223 shares of the information services provider's stock, valued at approximately $4,803,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. GPS Wealth Strategies Group LLC raised 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 purchasing an additional 1,041 shares in the last quarter. Harvest Investment Services LLC raised 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 buying an additional 138 shares in the last quarter. North Forty Two & Co. bought a new position in shares of Alphabet during the 4th quarter worth approximately $281,000. SageView Advisory Group LLC boosted its stake in Alphabet by 140.6% in 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 buying an additional 8,610 shares in the last quarter. Finally, Requisite Capital Management LLC bought a new stake in Alphabet in the fourth quarter valued at $927,000. 27.26% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
GOOG has been the subject of a number of analyst reports. Citigroup reissued a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Susquehanna reissued a "positive" rating on shares of Alphabet in a report on Friday. Westpark Capital reaffirmed a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research note on Friday, April 25th. KeyCorp cut their target price on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a research report on Friday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $203.94.
Get Our Latest Analysis on Alphabet
Insider Activity at Alphabet
In other news, CEO Sundar Pichai sold 32,500 shares of the company's 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 $430,917,877.76. This represents a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,164 shares of company stock worth $25,357,390. 12.99% of the stock is owned by insiders.
Alphabet Stock Performance
Alphabet stock opened at $165.81 on Friday. The company has a market cap of $2.01 trillion, a PE ratio of 20.60, a PEG 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. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The company's 50-day moving average is $162.25 and its two-hundred day moving average is $177.16.
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 for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the business posted $1.89 earnings per share. Alphabet's revenue was up 12.0% compared to the same quarter last year. Equities analysts anticipate 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. Investors of record on Monday, June 9th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.51%. Alphabet's payout ratio is 9.36%.
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.
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