Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,940 shares of the information services provider’s stock after purchasing an additional 3,385 shares during the period. Alphabet accounts for about 3.7% of Global X Japan Co. Ltd.’s holdings, making the stock its 11th biggest holding. Global X Japan Co. Ltd.’s holdings in Alphabet were worth $29,519,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. grew its position in Alphabet by 1.1% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 147,449 shares of the information services provider’s stock worth $27,912,000 after acquiring an additional 1,653 shares during the period. Fairvoy Private Wealth LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $4,557,000. Graphene Investments SAS lifted its stake in shares of Alphabet by 56.4% in the 4th quarter. Graphene Investments SAS now owns 30,500 shares of the information services provider’s stock valued at $5,774,000 after purchasing an additional 11,000 shares during the last quarter. William Allan Corp grew its holdings in shares of Alphabet by 0.5% during the 4th quarter. William Allan Corp now owns 36,749 shares of the information services provider’s stock worth $6,957,000 after purchasing an additional 187 shares during the period. Finally, Ameliora Wealth Management Ltd. increased its position in shares of Alphabet by 8.1% during the 4th quarter. Ameliora Wealth Management Ltd. now owns 20,908 shares of the information services provider’s stock worth $3,958,000 after purchasing an additional 1,567 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on GOOGL. Stifel Nicolaus upped their target price on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Royal Bank of Canada upped their price objective on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Alphabet in a report on Wednesday, February 5th. JPMorgan Chase & Co. cut their target price on Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Truist Financial raised their price target on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Alphabet Stock Performance

NASDAQ GOOGL opened at $185.23 on Monday. The company has a fifty day moving average of $192.85 and a two-hundred day moving average of $175.17. The company has a market capitalization of $2.27 trillion, a PE ratio of 23.01, a P/E/G ratio of 1.39 and a beta of 0.99. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts expect that Alphabet Inc. will post 8.91 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.43%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insider Buying and Selling

In related 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 transaction of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,529 shares of company stock worth $16,600,078 in the last 90 days. Company insiders own 11.55% of the company’s stock.

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.