Insight Holdings Group LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 22.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 161,720 shares of the information services provider's stock after acquiring an additional 30,120 shares during the quarter. Alphabet accounts for 2.0% of Insight Holdings Group LLC's portfolio, making the stock its 13th biggest holding. Insight Holdings Group LLC's holdings in Alphabet were worth $30,614,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bennett Selby Investments LP grew its stake in Alphabet by 4.0% during the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock worth $256,000 after buying an additional 52 shares during the period. Macroview Investment Management LLC boosted its stake in shares of Alphabet by 4.2% in the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after purchasing an additional 52 shares during the period. Conrad Siegel Investment Advisors Inc. boosted its stake in Alphabet by 0.5% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $1,864,000 after acquiring an additional 53 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock valued at $457,000 after acquiring an additional 53 shares during the last quarter. Finally, Addison Advisors LLC boosted its stake in Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock valued at $1,425,000 after acquiring an additional 53 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
GOOGL has been the topic of a number of research analyst reports. BMO Capital Markets reiterated an "outperform" rating and set a $200.00 price objective (down from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. Susquehanna reduced their price objective on shares of Alphabet from $225.00 to $220.00 and set a "positive" rating on the stock in a research note on Friday, April 25th. Wedbush set a $190.00 price target on shares of Alphabet and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. Cantor Fitzgerald reduced their price target on shares of Alphabet from $200.00 to $159.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Rosenblatt Securities reduced their price target on shares of Alphabet from $205.00 to $189.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $199.46.
Get Our Latest Report on Alphabet
Insider Buying and Selling
In other news, Director Kavitark Ram Shriram sold 29,066 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares in the company, valued at $50,376,238.74. The trade was a 9.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock worth $25,361,647 in the last 90 days. 11.55% of the stock is owned by company insiders.
Alphabet Stock Performance
Alphabet stock traded down $1.36 on Wednesday, reaching $158.80. 34,484,953 shares of the stock were exchanged, compared to its average volume of 28,226,752. The stock has a market cap of $1.94 trillion, a PE ratio of 19.73, a PEG ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The firm has a fifty day moving average price of $161.20 and a two-hundred day moving average price of $175.49.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data 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. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the firm earned $1.89 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is 9.36%.
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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