Moore Capital Management LP Acquires Shares of 27,698 Alphabet Inc. (NASDAQ:GOOG)

Moore Capital Management LP bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,698 shares of the information services provider's stock, valued at approximately $5,275,000.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley reiterated an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Westpark Capital reiterated a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Rosenblatt Securities upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. KeyCorp reduced their price target on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, Scotiabank dropped their price objective on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $203.94.

Alphabet Price Performance

Shares of GOOG stock traded down $1.41 during trading on Thursday, hitting $165.40. The company had a trading volume of 22,668,205 shares, compared to its average volume of 19,649,742. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The firm has a market capitalization of $2.01 trillion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The stock's 50-day moving average price is $160.21 and its 200 day moving average price is $176.79.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same period last year, the firm earned $1.89 EPS. The business's quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.51%. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio (DPR) is 9.36%.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on 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 owns 2,652,696 shares of the company's stock, valued at $413,555,306.40. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 2,824 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total value of $529,302.32. Following the completion of the sale, the chief accounting officer now owns 15,024 shares in the company, valued at $2,815,948.32. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 179,324 shares of company stock worth $30,153,353 over the last three months. Corporate insiders own 12.99% of the company's stock.

Alphabet Company 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.