Capitolis Liquid Global Markets LLC Has $635.93 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Capitolis Liquid Global Markets LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,359,400 shares of the information services provider's stock after buying an additional 483,000 shares during the quarter. Alphabet accounts for approximately 6.2% of Capitolis Liquid Global Markets LLC's holdings, making the stock its 4th biggest position. Capitolis Liquid Global Markets LLC's holdings in Alphabet were worth $635,934,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Alphabet during the 4th quarter worth approximately $24,383,677,000. FMR LLC increased its position in shares of Alphabet by 9.8% during the fourth quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock worth $47,025,322,000 after purchasing an additional 22,100,902 shares in the last quarter. Northern Trust Corp raised its stake in Alphabet by 17.0% in the 4th quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider's stock valued at $13,178,470,000 after purchasing an additional 10,135,430 shares during the last quarter. Capital Research Global Investors lifted its holdings in Alphabet by 16.2% in the 4th quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider's stock valued at $13,635,878,000 after purchasing an additional 10,037,685 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Alphabet by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 66,050,135 shares of the information services provider's stock valued at $12,503,291,000 after acquiring an additional 9,042,271 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 1.0 %

NASDAQ GOOGL traded down $1.53 during trading on Friday, reaching $152.75. 32,365,483 shares of the stock traded hands, compared to its average volume of 28,782,802. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.85 trillion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The stock's 50-day moving average price is $158.93 and its 200 day moving average price is $175.10.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data 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. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. During the same quarter in the prior year, the company earned $1.89 EPS. Analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.55%. Alphabet's dividend payout ratio is presently 9.36%.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the transaction, the chief executive officer now directly owns 2,652,696 shares in the company, valued at $413,555,306.40. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O'toole sold 2,824 shares of the firm'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 completion of the sale, the chief accounting officer now owns 15,024 shares of the company's stock, valued at $2,815,948.32. This trade represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 179,324 shares of company stock worth $30,153,353. Corporate insiders own 11.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GOOGL. Roth Mkm restated a "buy" rating and set a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Needham & Company LLC reiterated a "buy" rating and issued a $178.00 target price on shares of Alphabet in a report on Friday, April 25th. Morgan Stanley lowered their price target on Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company increased their target price on Alphabet from $167.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Finally, UBS Group set a $195.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.75.

Alphabet Company 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.