Fort Washington Investment Advisors Inc. OH Decreases Position in Alphabet Inc. (NASDAQ:GOOG)

Fort Washington Investment Advisors Inc. OH reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,495,863 shares of the information services provider’s stock after selling 23,795 shares during the quarter. Alphabet accounts for about 2.8% of Fort Washington Investment Advisors Inc. OH’s holdings, making the stock its 5th biggest holding. Fort Washington Investment Advisors Inc. OH’s holdings in Alphabet were worth $475,312,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Abich Financial Wealth Management LLC increased its holdings in shares of Alphabet by 9,200.0% during the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock worth $34,000 after buying an additional 184 shares in the last quarter. AQR Capital Management LLC increased its holdings in Alphabet by 2.4% in the 2nd quarter. AQR Capital Management LLC now owns 2,752,699 shares of the information services provider’s stock worth $504,900,000 after purchasing an additional 65,058 shares in the last quarter. Employees Retirement System of Texas raised its position in Alphabet by 4.4% in the second quarter. Employees Retirement System of Texas now owns 1,404,515 shares of the information services provider’s stock valued at $257,616,000 after purchasing an additional 59,515 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in shares of Alphabet during the second quarter valued at about $2,628,000. Finally, DSM Capital Partners LLC grew its holdings in shares of Alphabet by 407.8% during the second quarter. DSM Capital Partners LLC now owns 914 shares of the information services provider’s stock worth $168,000 after purchasing an additional 734 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Pivotal Research lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Oppenheimer raised their target price on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Scotiabank initiated coverage on Alphabet in a research report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price target on the stock. Finally, UBS Group increased their price target on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $200.56.

Read Our Latest Research Report on Alphabet

Alphabet Stock Performance

Shares of Alphabet stock opened at $199.58 on Friday. The business has a 50-day simple moving average of $186.95 and a 200 day simple moving average of $175.06. The firm has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a one year low of $131.55 and a one year high of $203.84.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Alphabet’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. On average, research analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is presently 10.61%.

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the sale, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,387 shares of company stock worth $24,368,654 in the last quarter. Insiders own 12.99% of the company’s stock.

Alphabet 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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