Chiron Investment Management LLC Grows Holdings in Alphabet Inc. (NASDAQ:GOOG)

Chiron Investment Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 169.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,176 shares of the information services provider’s stock after acquiring an additional 25,918 shares during the period. Alphabet makes up 2.6% of Chiron Investment Management LLC’s holdings, making the stock its 10th biggest holding. Chiron Investment Management LLC’s holdings in Alphabet were worth $7,842,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GOOG. Fiduciary Advisors Inc. bought a new position in shares of Alphabet during the fourth quarter valued at about $27,000. LSV Asset Management bought a new position in shares of Alphabet during the 4th quarter worth approximately $27,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet in the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Alphabet in the fourth quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $43,000. Institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. KeyCorp decreased their price objective on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Benchmark restated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Oppenheimer upped their price objective on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $208.71.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 17,690 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. This represents a 29.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at $3,468,029.04. The trade was a 13.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,297 shares of company stock valued at $20,804,770 over the last three months. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Up 2.6 %

Shares of NASDAQ:GOOG opened at $159.40 on Monday. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The firm has a fifty day moving average price of $170.50 and a two-hundred day moving average price of $177.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

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

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Alphabet 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.