Alphabet Inc. (NASDAQ:GOOG) Stock Position Raised by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 19.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 532,002 shares of the information services provider’s stock after purchasing an additional 85,870 shares during the quarter. Alphabet makes up approximately 0.9% of O Shaughnessy Asset Management LLC’s holdings, making the stock its 13th largest position. O Shaughnessy Asset Management LLC’s holdings in Alphabet were worth $101,314,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. raised its holdings in shares of Alphabet by 6.7% during the fourth quarter. Mawer Investment Management Ltd. now owns 6,385,879 shares of the information services provider’s stock valued at $1,216,127,000 after buying an additional 400,007 shares during the last quarter. RWA Wealth Partners LLC increased its position in Alphabet by 2.8% in the 4th quarter. RWA Wealth Partners LLC now owns 161,558 shares of the information services provider’s stock valued at $30,767,000 after acquiring an additional 4,443 shares during the period. Portland Global Advisors LLC raised its stake in Alphabet by 2.1% during the 4th quarter. Portland Global Advisors LLC now owns 4,189 shares of the information services provider’s stock valued at $798,000 after acquiring an additional 86 shares in the last quarter. Schroder Investment Management Group boosted its position in Alphabet by 13.1% during the 4th quarter. Schroder Investment Management Group now owns 2,607,560 shares of the information services provider’s stock worth $496,584,000 after acquiring an additional 302,288 shares during the period. Finally, Okabena Investment Services Inc. grew its stake in shares of Alphabet by 0.8% in the fourth quarter. Okabena Investment Services Inc. now owns 21,063 shares of the information services provider’s stock worth $4,011,000 after purchasing an additional 157 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 1,368 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at approximately $3,961,445.55. This trade represents a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 11,764 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the transaction, the insider now directly owns 49,037 shares in the company, valued at $8,181,333.08. This trade represents a 19.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,812 shares of company stock valued at $19,336,979. Insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Benchmark restated a “negative” rating on shares of Alphabet 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 report on Thursday, January 2nd. Oppenheimer increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Scotiabank increased their price target on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $208.56.

Alphabet Price Performance

GOOG opened at $156.06 on Friday. Alphabet Inc. has a 12-month low of $148.20 and a 12-month high of $208.70. 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 $1.90 trillion, a P/E ratio of 19.39, a PEG ratio of 1.34 and a beta of 1.03. The stock has a fifty day moving average of $181.53 and a 200-day moving average of $178.51.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

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.