Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Lessened by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 978,443 shares of the information services provider's stock after selling 54,033 shares during the period. Alphabet comprises approximately 1.2% of Worldquant Millennium Advisors LLC's investment portfolio, making the stock its 10th largest holding. Worldquant Millennium Advisors LLC's holdings in Alphabet were worth $186,335,000 as of its most recent SEC filing.

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

Alphabet Stock Performance

NASDAQ GOOG opened at $167.87 on Tuesday. The company has a market cap of $2.04 trillion, a P/E ratio of 20.85, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a 50-day moving average of $160.17 and a two-hundred day moving average of $176.74. 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 released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Alphabet's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 EPS. As a group, analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company 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 $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's payout ratio is currently 9.36%.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of recent research reports. Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. KeyCorp cut their target price on Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Scotiabank cut their target price on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Tigress Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a research note on Friday, May 2nd. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $203.94.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,374 shares of Alphabet stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,606,213.28. This trade represents a 8.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now owns 1,449,286 shares of the company's stock, valued at $265,914,995.28. The trade was a 1.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,744 shares of company stock valued at $20,968,366 in the last three months. 12.99% of the stock is owned by corporate insiders.

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.

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