4,920 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by a16z Perennial Management L.P.

a16z Perennial Management L.P. bought a new stake in Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,920 shares of the information services provider’s stock, valued at approximately $934,000. Alphabet accounts for approximately 0.1% of a16z Perennial Management L.P.’s investment portfolio, making the stock its 17th biggest holding.

A number of other large investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in Alphabet by 42.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,511 shares of the information services provider’s stock valued at $1,089,000 after acquiring an additional 1,953 shares during the period. Creative Planning lifted its position in shares of Alphabet by 6.4% during the third quarter. Creative Planning now owns 1,544,297 shares of the information services provider’s stock worth $256,177,000 after purchasing an additional 92,556 shares in the last quarter. Swedbank AB boosted its stake in shares of Alphabet by 0.6% in the third quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after purchasing an additional 51,226 shares during the period. Hutchens & Kramer Investment Management Group LLC grew its holdings in shares of Alphabet by 1.7% in the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 4,725 shares of the information services provider’s stock valued at $796,000 after purchasing an additional 77 shares in the last quarter. Finally, Prospect Financial Services LLC increased its stake in Alphabet by 2.3% during the 3rd quarter. Prospect Financial Services LLC now owns 37,750 shares of the information services provider’s stock worth $6,311,000 after buying an additional 859 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GOOG shares. Wedbush reissued an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. UBS Group lifted their target price on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Stock Performance

NASDAQ GOOG opened at $185.43 on Thursday. The company has a fifty day moving average of $193.70 and a two-hundred day moving average of $176.40. The company has a market capitalization of $2.27 trillion, a PE ratio of 23.03, a P/E/G ratio of 1.39 and a beta of 1.00. Alphabet Inc. has a 1 year low of $131.55 and a 1 year 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 1.95.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. The trade was a 5.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the sale, the director now directly owns 21,824 shares of the company’s stock, valued at $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,529 shares of company stock valued at $16,600,078 in the last ninety days. 12.99% of the stock is currently owned by company insiders.

About Alphabet

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.