First Eagle Investment Management LLC Has $632.69 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

First Eagle Investment Management LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,342,282 shares of the information services provider’s stock after selling 804 shares during the quarter. Alphabet comprises approximately 1.4% of First Eagle Investment Management LLC’s holdings, making the stock its 28th largest holding. First Eagle Investment Management LLC’s holdings in Alphabet were worth $632,694,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Bennett Selby Investments LP boosted its holdings in Alphabet by 4.0% in the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider’s stock valued at $256,000 after acquiring an additional 52 shares in the last quarter. Macroview Investment Management LLC raised its holdings in Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider’s stock worth $245,000 after purchasing an additional 52 shares in the last quarter. Conrad Siegel Investment Advisors Inc. lifted its position in shares of Alphabet by 0.5% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider’s stock worth $1,864,000 after purchasing an additional 53 shares during the period. Cornerstone Planning Group LLC boosted its stake in shares of Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider’s stock valued at $457,000 after purchasing an additional 53 shares in the last quarter. Finally, Addison Advisors LLC increased its position in shares of Alphabet by 0.7% during the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider’s stock valued at $1,425,000 after buying an additional 53 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on GOOGL shares. Roth Mkm restated a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Wedbush lifted their price target on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research report 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 report on Thursday, December 12th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Ten investment 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, the company currently has an average rating of “Moderate Buy” and an average price target of $210.59.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of the stock in a transaction dated 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 owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,368 shares of Alphabet stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $3,961,445.55. This trade represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock valued at $17,374,274 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Stock Down 3.2 %

Shares of GOOGL stock opened at $165.06 on Thursday. The company has a 50 day simple moving average of $181.11 and a two-hundred day simple moving average of $176.78. The stock has a market cap of $2.01 trillion, a P/E ratio of 20.50, a P/E/G ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 12 month low of $147.22 and a 12 month high of $207.05. 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:GOOGL) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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%. On average, research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

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.