Alphabet Inc. (NASDAQ:GOOGL) is LGT Capital Partners LTD.’s 2nd Largest Position

LGT Capital Partners LTD. decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,254,923 shares of the information services provider’s stock after selling 108,710 shares during the period. Alphabet accounts for 9.0% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 2nd biggest holding. LGT Capital Partners LTD.’s holdings in Alphabet were worth $237,557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M. Kulyk & Associates LLC grew its position in shares of Alphabet by 4.1% during the 4th quarter. M. Kulyk & Associates LLC now owns 81,076 shares of the information services provider’s stock valued at $15,348,000 after acquiring an additional 3,201 shares during the period. Miramar Capital LLC grew its position in shares of Alphabet by 13.7% during the 4th quarter. Miramar Capital LLC now owns 87,552 shares of the information services provider’s stock valued at $16,574,000 after acquiring an additional 10,528 shares during the period. Frontier Asset Management LLC grew its position in shares of Alphabet by 28.4% during the 4th quarter. Frontier Asset Management LLC now owns 1,592 shares of the information services provider’s stock valued at $301,000 after acquiring an additional 352 shares during the period. Argentarii LLC bought a new position in shares of Alphabet during the 4th quarter valued at approximately $7,883,000. Finally, Jackson Hole Capital Partners LLC grew its position in shares of Alphabet by 1.0% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 12,804 shares of the information services provider’s stock valued at $2,424,000 after acquiring an additional 122 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the transaction, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,048 shares of company stock worth $17,374,274. 11.55% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Alphabet stock opened at $163.99 on Friday. 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 company has a market capitalization of $2.00 trillion, a PE ratio of 20.37, a P/E/G ratio of 1.34 and a beta of 1.02. The firm has a fifty day simple moving average of $182.57 and a two-hundred day simple moving average of $176.38. Alphabet Inc. has a twelve month low of $147.22 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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%. Research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GOOGL shares. JPMorgan Chase & Co. reduced their target price on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Robert W. Baird reiterated an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a research note on Tuesday, December 10th. Wedbush lifted their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Finally, Roth Mkm reiterated a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.59.

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.