Teachers Retirement System of The State of Kentucky lowered its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,357,862 shares of the information services provider’s stock after selling 30,286 shares during the quarter. Alphabet comprises approximately 1.8% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 5th largest holding. Teachers Retirement System of The State of Kentucky’s holdings in Alphabet were worth $189,681,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC bought a new stake in Alphabet during the fourth quarter worth about $30,000. DiNuzzo Private Wealth Inc. purchased a new stake in Alphabet in the fourth quarter worth approximately $38,000. Meritage Group LP grew its position in Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares during the last quarter. Armor Investment Advisors LLC raised its stake in shares of Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after acquiring an additional 80 shares in the last quarter. Finally, IAG Wealth Partners LLC lifted its holdings in shares of Alphabet by 55.9% in the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after acquiring an additional 123 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.
Alphabet Stock Up 0.9 %
Shares of NASDAQ:GOOGL traded up $1.63 during trading on Friday, reaching $176.79. 18,063,555 shares of the stock traded hands, compared to its average volume of 21,874,168. The stock has a market cap of $2.18 trillion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a 50-day moving average of $168.08 and a two-hundred day moving average of $150.90. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $180.41.
Alphabet Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 12.27%.
Insider Buying and Selling at Alphabet
In other news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total transaction of $266,880.00. Following the completion of the transaction, the director now directly owns 3,727 shares of the company’s stock, valued at $663,107.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total value of $266,880.00. Following the completion of the sale, the director now owns 3,727 shares of the company’s stock, valued at $663,107.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 500 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $149.50, for a total value of $74,750.00. Following the completion of the transaction, the director now directly owns 8,791 shares in the company, valued at approximately $1,314,254.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,958 shares of company stock worth $25,805,853. Company insiders own 11.55% of the company’s stock.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $215.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Roth Mkm increased their target price on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a report on Friday, April 26th. TD Cowen lifted their price target on Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Piper Sandler reissued an “overweight” rating and set a $200.00 price objective (up previously from $160.00) on shares of Alphabet in a research note on Friday, April 26th. Finally, UBS Group lifted their target price on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.26.
Get Our Latest Research Report on GOOGL
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.
See Also
- Five stocks we like better than Alphabet
- 3 Best Fintech Stocks for a Portfolio Boost
- MarketBeat Week in Review – 6/10 – 6/14
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Top 5 High-Performance Cryptocurrency ETFs to Watch
- What Does a Stock Split Mean?
- 3 Stocks That Plummeted After the Post-Fed Speech Crash
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.