Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Raised by Untitled Investments LP

Untitled Investments LP grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 145,018 shares of the information services provider’s stock after acquiring an additional 7,800 shares during the period. Alphabet comprises approximately 6.7% of Untitled Investments LP’s portfolio, making the stock its 6th biggest holding. Untitled Investments LP’s holdings in Alphabet were worth $27,452,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of Alphabet by 3.1% in the third quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock worth $1,871,384,000 after buying an additional 337,031 shares during the period. Passumpsic Savings Bank increased its stake in Alphabet by 38.0% in the third quarter. Passumpsic Savings Bank now owns 4,700 shares of the information services provider’s stock worth $779,000 after purchasing an additional 1,294 shares during the period. SOA Wealth Advisors LLC. lifted its position in shares of Alphabet by 0.5% during the third quarter. SOA Wealth Advisors LLC. now owns 37,379 shares of the information services provider’s stock worth $6,199,000 after purchasing an additional 202 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Alphabet by 6.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,306 shares of the information services provider’s stock valued at $382,000 after purchasing an additional 130 shares during the period. Finally, Te Ahumairangi Investment Management Ltd grew its holdings in shares of Alphabet by 19.2% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 137,669 shares of the information services provider’s stock worth $22,703,000 after purchasing an additional 22,169 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. This represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,163 shares of company stock worth $25,361,647. Company insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GOOGL shares. Stifel Nicolaus decreased their price objective on shares of Alphabet from $225.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. UBS Group set a $195.00 price target on shares of Alphabet in a research note on Friday. KeyCorp increased their price objective on Alphabet from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday. DA Davidson reduced their price objective on Alphabet from $200.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Bank of America upped their target price on Alphabet from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.89.

Alphabet Price Performance

Shares of GOOGL opened at $160.61 on Tuesday. The firm has a market capitalization of $1.96 trillion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company’s fifty day moving average price is $161.69 and its 200-day moving average price is $175.60. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $89.30 billion. During the same period in the prior year, the company earned $1.89 earnings per share. On average, equities research analysts predict that Alphabet Inc. will post 8.9 EPS 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 dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.52%. Alphabet’s dividend payout ratio (DPR) is currently 9.36%.

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.