Night Owl Capital Management LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 345,817 shares of the information services provider's stock after acquiring an additional 9,393 shares during the quarter. Alphabet makes up 8.5% of Night Owl Capital Management LLC's holdings, making the stock its 2nd largest holding. Night Owl Capital Management LLC's holdings in Alphabet were worth $65,857,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sterling Financial Planning Inc. grew its stake in Alphabet by 2.6% in the 4th quarter. Sterling Financial Planning Inc. now owns 1,941 shares of the information services provider's stock valued at $370,000 after buying an additional 50 shares during the last quarter. Arlington Trust Co LLC grew its stake in Alphabet by 0.4% in the 4th quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider's stock valued at $2,747,000 after buying an additional 52 shares during the last quarter. Harrell Investment Partners LLC grew its stake in Alphabet by 0.9% in the 4th quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider's stock valued at $1,078,000 after buying an additional 53 shares during the last quarter. Ethos Financial Group LLC grew its stake in Alphabet by 0.7% in the 4th quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider's stock valued at $1,395,000 after buying an additional 53 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its position in shares of Alphabet by 1.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider's stock worth $966,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.
Alphabet Trading Up 1.2%
Shares of GOOG traded up $2.03 during trading hours on Friday, hitting $167.43. 35,833,672 shares of the stock were exchanged, compared to its average volume of 19,733,367. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. 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 business has a 50-day moving average of $160.19 and a 200-day moving average of $176.75. The firm has a market capitalization of $2.03 trillion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.
Alphabet (NASDAQ:GOOG - Get Free Report) last posted 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 net margin of 28.60% and a return on equity of 32.49%. The company had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. During the same period in the prior year, the company posted $1.89 earnings per share. Alphabet's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, research 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 given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.50%. Alphabet's dividend payout ratio is 9.36%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Benchmark restated a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. KeyCorp cut 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. UBS Group cut their price target on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Citigroup reaffirmed a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Finally, Wedbush reaffirmed an "outperform" rating and set a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $203.94.
View Our Latest Analysis on GOOG
Insider Transactions at Alphabet
In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18% decrease in their ownership of the stock. The transaction 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 stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares of the company's stock, valued at $1,293,285.89. The trade was a 2.50% decrease in their ownership of the stock. 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. 12.99% of the stock is owned by company insiders.
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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