Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Bronte Capital Management Pty Ltd.

Bronte Capital Management Pty Ltd. reduced its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 39.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,955 shares of the information services provider’s stock after selling 352,997 shares during the quarter. Alphabet accounts for 0.0% of Bronte Capital Management Pty Ltd.’s holdings, making the stock its 15th biggest position. Bronte Capital Management Pty Ltd.’s holdings in Alphabet were worth $101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Avantax Advisory Services Inc. lifted its holdings in shares of Alphabet by 6.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 330,400 shares of the information services provider’s stock valued at $62,545,000 after purchasing an additional 20,380 shares during the last quarter. Essential Planning LLC. lifted its stake in Alphabet by 4,112.4% during the fourth quarter. Essential Planning LLC. now owns 152,362 shares of the information services provider’s stock valued at $26,656,000 after buying an additional 148,745 shares in the last quarter. Liberty Wealth Management LLC boosted its holdings in shares of Alphabet by 20.7% in the fourth quarter. Liberty Wealth Management LLC now owns 11,114 shares of the information services provider’s stock worth $2,104,000 after buying an additional 1,906 shares during the period. Great Lakes Advisors LLC increased its position in shares of Alphabet by 1.5% in the fourth quarter. Great Lakes Advisors LLC now owns 782,756 shares of the information services provider’s stock worth $148,176,000 after acquiring an additional 11,658 shares in the last quarter. Finally, Truvestments Capital LLC raised its holdings in shares of Alphabet by 1.0% during the fourth quarter. Truvestments Capital LLC now owns 15,251 shares of the information services provider’s stock valued at $2,887,000 after acquiring an additional 151 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Up 2.3 %

NASDAQ GOOGL opened at $167.68 on Tuesday. Alphabet Inc. has a 1-year low of $147.22 and a 1-year high of $207.05. The company has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.34 and a beta of 1.02. The stock’s 50 day moving average is $182.10 and its two-hundred day moving average is $176.73. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is presently 9.94%.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the transaction, the director now directly owns 272,466 shares in the company, valued at $50,376,238.74. This trade represents a 9.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,048 shares of company stock worth $17,374,274. 11.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GOOGL has been the topic of several recent analyst reports. DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a research report on Thursday, February 6th. Roth Mkm reiterated a “buy” rating and issued a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. DA Davidson raised their price target on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Morgan Stanley dropped their price objective on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, JMP Securities reissued a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.59.

View Our Latest Stock Report on Alphabet

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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