1 week Ago By ABMN Staff
Schroder Investment Management Group lifted its stake in Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission.
The firm owned 23,396,772 shares of the information services provider’s stock after purchasing an additional 574,301 shares during the quarter. Alphabet accounts for about 4.2% of Schroder Investment Management Group’s investment portfolio, making the stock its 3rd largest holding.
Schroder Investment Management Group’s holdings in Alphabet were worth $4,429,009,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors have also recently bought and sold shares of the stock. Compass Planning Associates Inc acquired a new stake in Alphabet during the 4th quarter valued at $30,000.
E Fund Management Hong Kong Co. Ltd. raised its position in Alphabet by 518.
8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd.
now owns 198 shares of the information services provider’s stock valued at $37,000 after buying an additional 166 shares during the period. Fiduciary Advisors Inc. purchased a new stake in Alphabet in the 4th quarter worth about $39,000.
PayPay Securities Corp boosted its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after acquiring an additional 65 shares during the period.
Finally, Denver PWM LLC grew its stake in Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 57 shares in the last quarter.
Hedge funds and other institutional investors own 40.03% of the company’s stock. Wall Street Analyst Weigh In Several analysts recently commented on GOOGL shares.
DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target for the company. in a report on Thursday, February 6th.
Morgan Stanley decreased their target price on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th.
Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Rosenblatt Securities reissued a “neutral” rating and set a $205.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th.
Finally, KeyCorp lowered their target price on Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th.
Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $209.13.
Alphabet Trading Up 0.8 % Shares of GOOGL opened at $146.75 on Tuesday.
The stock’s 50-day moving average price is $174.25 and its 200 day moving average price is $176.82.
The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.
03. The firm has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 18.
23, a P/E/G ratio of 1.34 and a beta of 1.03.
Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.
05. Alphabet ( NASDAQ:GOOGL – Get Free Report ) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.
15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03.
Alphabet had a net margin of 28.60% and a return on equity of 32.49%.
As a group, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend.
The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.
55%. Alphabet’s dividend payout ratio is currently 9.94%.
Insider Transactions at Alphabet In other Alphabet news, CAO Amie Thuener O’toole sold 673 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.
09. Following the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99.
This represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink .
Also, CEO Sundar Pichai sold 32,500 shares of Alphabet 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 transaction, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76.
The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last ninety days, insiders sold 119,797 shares of company stock valued at $21,089,470. Corporate insiders own 11.55% of the company’s stock.
Alphabet Company Profile ( 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.
See Also Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. ( NASDAQ:GOOGL – Free Report ).
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