Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,319 shares of the information services provider’s stock after acquiring an additional 682 shares during the quarter. Alphabet makes up approximately 3.3% of W.H. Cornerstone Investments Inc.’s investment portfolio, making the stock its 9th largest position. W.H. Cornerstone Investments Inc.’s holdings in Alphabet were worth $4,982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in shares of Alphabet by 43,005.6% during the 3rd quarter. International Assets Investment Management LLC now owns 18,743,594 shares of the information services provider’s stock worth $31,086,250,000 after purchasing an additional 18,700,111 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Alphabet by 116.4% during the third quarter. Assenagon Asset Management S.A. now owns 8,670,225 shares of the information services provider’s stock worth $1,437,957,000 after buying an additional 4,662,809 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Alphabet by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock valued at $10,559,240,000 after buying an additional 4,567,275 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Alphabet in the third quarter valued at approximately $513,024,000. Finally, Geode Capital Management LLC boosted its stake in shares of Alphabet by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider’s stock worth $22,154,651,000 after acquiring an additional 2,626,431 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $175.42 on Wednesday. Alphabet Inc. has a one year low of $130.66 and a one year high of $207.05. The stock’s 50 day moving average is $191.72 and its 200 day moving average is $176.14. The firm has a market cap of $2.14 trillion, a P/E ratio of 21.79, a P/E/G ratio of 1.34 and a beta of 0.99. 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 (NASDAQ:GOOGL) last posted its quarterly earnings data 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 return on equity of 32.49% and a net margin of 28.60%. As a group, research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insiders Place Their Bets

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value 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. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,299 shares of company stock worth $25,055,751. Corporate insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Royal Bank of Canada raised their price target on Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. China Renaissance upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Piper Sandler dropped their price objective on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. DA Davidson boosted their price objective on shares of Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $210.62.

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.