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Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Aberdeen Group plc

Alphabet logo with Computer and Technology background

Key Points

  • Aberdeen Group plc increased its investment in Alphabet Inc. by 19.2%, owning over $1 billion worth of shares, which now make up 2.0% of its portfolio.
  • Alphabet recently declared a quarterly dividend of $0.21 per share, with an annualized yield of 0.4% and a low payout ratio of 8.95%.
  • Several brokerages have issued ratings on Alphabet, with the majority recommending a "Moderate Buy" and a consensus target price of $215.19.
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Aberdeen Group plc boosted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 19.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,617,033 shares of the information services provider's stock after purchasing an additional 1,067,262 shares during the quarter. Alphabet makes up 2.0% of Aberdeen Group plc's portfolio, making the stock its 7th biggest position. Aberdeen Group plc owned approximately 0.05% of Alphabet worth $1,026,798,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GOOG. Brighton Jones LLC boosted its position in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after buying an additional 6,410 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Alphabet by 4.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider's stock valued at $96,465,000 after buying an additional 20,855 shares during the last quarter. MSH Capital Advisors LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at $361,000. Coleford Investment Management Ltd. purchased a new stake in shares of Alphabet during the fourth quarter valued at $400,000. Finally, Demars Financial Group LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at $89,109,000. Institutional investors own 27.26% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG traded up $1.09 during trading on Friday, reaching $204.91. The stock had a trading volume of 21,099,072 shares, compared to its average volume of 24,037,520. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The business has a fifty day moving average price of $185.21 and a 200-day moving average price of $174.87. The stock has a market cap of $2.48 trillion, a PE ratio of 21.82, a PEG ratio of 1.35 and a beta of 1.02. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. The firm had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same quarter last year, the business posted $1.89 earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Wall Street Analyst Weigh In

GOOG has been the topic of several recent analyst reports. Lake Street Capital reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Piper Sandler reissued a "neutral" rating on shares of Alphabet in a research report on Wednesday, July 9th. Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. UBS Group raised their target price on Alphabet from $186.00 to $192.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Finally, Westpark Capital reissued a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Friday, April 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $215.19.

Read Our Latest Stock Report on GOOG

Insider Buying and Selling

In related news, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. This trade represents a 35.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the transaction, the chief executive officer owned 2,559,892 shares in the company, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 274,819 shares of company stock worth $49,796,547. 12.99% of the stock is owned by corporate insiders.

Alphabet 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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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