FACT Capital LP Has $23.34 Million Position in Alphabet Inc. (NASDAQ:GOOG)

FACT Capital LP lessened its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,280 shares of the information services provider's stock after selling 14,061 shares during the quarter. Alphabet accounts for about 9.3% of FACT Capital LP's holdings, making the stock its 2nd biggest position. FACT Capital LP's holdings in Alphabet were worth $23,337,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in Alphabet in the 4th quarter worth approximately $27,000. WealthTrak Capital Management LLC purchased a new stake in Alphabet in the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet in the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Alphabet during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 3.4%

Shares of NASDAQ GOOG traded up $5.20 during mid-day trading on Monday, reaching $159.58. The company had a trading volume of 31,802,853 shares, compared to its average volume of 19,563,850. 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 stock has a market capitalization of $1.94 trillion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The stock's 50 day moving average is $160.96 and its 200-day moving average is $177.02.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. The firm had revenue of $90.23 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.53%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio is presently 9.36%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 2,824 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total value of $529,302.32. Following the sale, the chief accounting officer now directly owns 15,024 shares of the company's stock, valued at approximately $2,815,948.32. This trade represents a 15.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total value of $5,066,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,652,696 shares in the company, valued at approximately $413,555,306.40. This represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 179,324 shares of company stock valued at $30,153,353 over the last three months. 12.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GOOG. Morgan Stanley reissued an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Benchmark reiterated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Tigress Financial reiterated a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. Citigroup reiterated a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $171.00 price objective on shares of Alphabet in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average target price of $203.94.

About Alphabet

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.