Bison Wealth LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 38.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,902 shares of the information services provider's stock after selling 15,952 shares during the quarter. Alphabet accounts for about 1.1% of Bison Wealth LLC's holdings, making the stock its 19th largest holding. Bison Wealth LLC's holdings in Alphabet were worth $4,933,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Alphabet during the fourth quarter valued at $5,166,070,000. Raymond James Financial Inc. acquired a new position in shares of Alphabet during the 4th quarter worth about $1,551,533,000. Northern Trust Corp lifted its stake in Alphabet by 16.1% in the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock valued at $10,873,751,000 after buying an additional 7,917,625 shares in the last quarter. GQG Partners LLC boosted its holdings in Alphabet by 181,679.1% in the 4th quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider's stock worth $1,376,066,000 after buying an additional 7,221,746 shares during the last quarter. Finally, Capital International Investors increased its stake in Alphabet by 6.7% during the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock worth $17,376,706,000 after buying an additional 5,758,244 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.
Alphabet Trading Up 1.2 %
Shares of NASDAQ GOOG traded up $1.90 during mid-day trading on Thursday, reaching $162.79. 21,825,033 shares of the company's stock were exchanged, compared to its average volume of 19,189,810. The firm has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The company's 50-day moving average is $162.48 and its 200-day moving average is $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.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $89.30 billion. During the same period last year, the business earned $1.89 earnings per share. The business's revenue for the quarter was up 12.0% on a year-over-year basis. Analysts expect that Alphabet Inc. will post 8.89 EPS 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 paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.52%. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's dividend payout ratio is 9.36%.
Insider Transactions at Alphabet
In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total value of $5,075,200.00. Following the completion of the transaction, the chief executive officer now owns 2,685,196 shares in the company, valued at $419,320,207.36. The trade was a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,164 shares of company stock worth $25,357,390 over the last ninety days. Company insiders own 12.99% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on GOOG shares. KeyCorp lowered their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Rosenblatt Securities raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $171.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Finally, Westpark Capital reissued a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $203.94.
Check Out Our Latest Stock Analysis on GOOG
Alphabet Company Profile
(
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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