Alphabet Inc. (NASDAQ:GOOG) is Xn LP's 10th Largest Position

XN LP decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 37.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 526,266 shares of the information services provider's stock after selling 320,380 shares during the period. Alphabet accounts for about 4.0% of XN LP's portfolio, making the stock its 10th biggest position. XN LP's holdings in Alphabet were worth $100,222,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in shares of Alphabet in the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in shares of Alphabet during the 4th quarter valued at approximately $27,000. WealthTrak Capital Management LLC bought a new position in shares of Alphabet in the fourth quarter worth $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet in the 4th quarter worth about $39,000. Finally, Noble Wealth Management PBC purchased a new position in Alphabet during the fourth quarter valued at approximately $43,000. Institutional investors own 27.26% of the company's stock.

Alphabet Stock Performance

GOOG traded up $1.92 during mid-day trading on Thursday, reaching $171.98. 44,924,476 shares of the company traded hands, compared to its average volume of 20,027,576. The stock has a market capitalization of $2.09 trillion, a P/E ratio of 21.36, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The company's fifty day moving average price is $160.23 and its 200-day moving average price is $176.62.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The business 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 company's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $1.89 earnings per share. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. 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 0.49%. Alphabet's dividend payout ratio is 9.36%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wedbush reaffirmed an "outperform" rating and issued a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Rosenblatt Securities raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. UBS Group decreased their target price on Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Susquehanna restated a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Three 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $203.94.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of the 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 sale, the chief executive officer now directly owns 2,652,696 shares of the company's stock, valued at $413,555,306.40. This represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,374 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the sale, the chief accounting officer now directly owns 15,024 shares of the company's stock, valued at $2,606,213.28. This represents a 8.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,744 shares of company stock worth $20,968,366. Corporate insiders own 12.99% of the company's stock.

Alphabet 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.