Monograph Wealth Advisors LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,924 shares of the information services provider's stock after selling 7,387 shares during the period. Alphabet makes up about 1.1% of Monograph Wealth Advisors LLC's holdings, making the stock its 16th biggest holding. Monograph Wealth Advisors LLC's holdings in Alphabet were worth $8,504,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. Norges Bank acquired a new stake in Alphabet in the fourth quarter valued at $24,383,677,000. FMR LLC raised its stake in shares of Alphabet by 9.8% in the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock valued at $47,025,322,000 after purchasing an additional 22,100,902 shares in the last quarter. Northern Trust Corp increased its holdings in Alphabet by 17.0% in the fourth quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider's stock valued at $13,178,470,000 after buying an additional 10,135,430 shares during the last quarter. Capital Research Global Investors increased its holdings in Alphabet by 16.2% in the fourth 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 buying an additional 10,037,685 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings 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 worth $12,503,291,000 after buying an additional 9,042,271 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Price Performance
Shares of NASDAQ GOOGL traded down $2.40 during trading on Friday, hitting $168.47. The company had a trading volume of 35,166,008 shares, compared to its average volume of 29,747,753. 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 company has a market cap of $2.04 trillion, a P/E ratio of 20.93, a PEG ratio of 1.34 and a beta of 1.01. The business's 50-day moving average is $158.57 and its 200 day moving average is $174.87. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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. The company had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same period in the prior year, the firm earned $1.89 earnings per share. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. Alphabet's payout ratio is currently 9.36%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on GOOGL shares. Bank of America boosted their price target on Alphabet from $185.00 to $200.00 and gave the company a "buy" rating in a report on Friday, April 25th. JMP Securities reissued a "market perform" rating on shares of Alphabet in a report on Wednesday. Cantor Fitzgerald decreased their target price on Alphabet from $200.00 to $159.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Morgan Stanley dropped their price target on Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Susquehanna lowered their price target on shares of Alphabet from $225.00 to $220.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $199.75.
Get Our Latest Stock Report on GOOGL
Insider Buying and Selling
In other news, CAO Amie Thuener O'toole sold 1,374 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at $2,606,213.28. This represents a 8.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,654 shares of company stock valued at $26,793,380. Corporate insiders own 11.64% of the company's stock.
About Alphabet
(
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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