Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Mirabaud Asset Management Ltd

Mirabaud Asset Management Ltd increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 41,986 shares of the information services provider’s stock after acquiring an additional 2,298 shares during the period. Alphabet accounts for about 3.7% of Mirabaud Asset Management Ltd’s holdings, making the stock its 10th largest position. Mirabaud Asset Management Ltd’s holdings in Alphabet were worth $8,029,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Compass Planning Associates Inc acquired a new position in Alphabet in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Alphabet by 518.8% in 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 purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Alphabet in the fourth quarter worth about $39,000. PayPay Securities Corp lifted its position in shares of 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 purchasing an additional 65 shares during the last quarter. Finally, Denver PWM LLC boosted 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 purchasing an additional 57 shares during the period. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares in the company, valued at approximately $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 have sold 119,797 shares of company stock worth $21,089,470 in the last 90 days. Insiders own 11.55% of the company’s stock.

Alphabet Trading Up 2.8 %

NASDAQ GOOGL opened at $157.14 on Friday. The stock has a market cap of $1.92 trillion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The stock has a 50 day simple moving average of $168.52 and a two-hundred day simple moving average of $176.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. On average, analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. Alphabet’s dividend payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GOOGL. Citigroup lowered their price objective on shares of Alphabet from $229.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday. Mizuho dropped their price objective on shares of Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a report on Wednesday. Wolfe Research increased their target price on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. DA Davidson boosted their price target on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, KeyCorp reduced their price objective on Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a research report 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $206.51.

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.