Alphabet Inc. (NASDAQ:GOOGL) is Bayesian Capital Management LP’s 7th Largest Position

Bayesian Capital Management LP increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 138.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,200 shares of the information services provider’s stock after buying an additional 23,310 shares during the quarter. Alphabet accounts for approximately 0.9% of Bayesian Capital Management LP’s holdings, making the stock its 7th biggest holding. Bayesian Capital Management LP’s holdings in Alphabet were worth $7,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. FMR LLC raised its stake in shares of Alphabet by 9.8% during the fourth quarter. FMR LLC now owns 248,416,916 shares of the information services provider’s stock valued at $47,025,322,000 after acquiring an additional 22,100,902 shares during the last quarter. Norges Bank purchased a new position in Alphabet during the 4th quarter valued at about $24,383,677,000. Price T Rowe Associates Inc. MD raised its position in Alphabet by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider’s stock valued at $18,672,198,000 after purchasing an additional 7,574,417 shares during the last quarter. Capital Research Global Investors lifted its holdings in Alphabet by 16.2% in the 4th quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider’s stock worth $13,635,878,000 after buying an additional 10,037,685 shares during the period. Finally, Northern Trust Corp grew its position in shares of Alphabet by 17.0% in the 4th quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider’s stock worth $13,178,470,000 after buying an additional 10,135,430 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,164 shares of company stock worth $25,357,390 in the last 90 days. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Performance

GOOGL stock opened at $164.03 on Friday. 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 Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The company has a market cap of $1.99 trillion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The stock’s fifty day moving average price is $160.19 and its 200-day moving average price is $175.41.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $76.49 billion for the quarter, compared to analysts’ expectations of $89.30 billion. During the same period last year, the firm posted $1.89 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a $0.21 dividend. The ex-dividend date is Monday, June 9th. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is presently 9.36%.

Analysts Set New Price Targets

A number of brokerages recently commented on GOOGL. Stifel Nicolaus dropped their price target on Alphabet from $225.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $178.00 target price on shares of Alphabet in a research note on Friday, April 25th. UBS Group set a $195.00 price target on shares of Alphabet in a research report on Friday, April 25th. Oppenheimer raised their price objective on shares of Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Finally, KeyCorp increased their target price on Alphabet from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.46.

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.