Alphabet Inc. (NASDAQ:GOOG) is Fmr LLC’s 9th Largest Position

Fmr LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 117,991,725 shares of the information services provider’s stock after purchasing an additional 3,189,592 shares during the period. Alphabet accounts for about 1.3% of Fmr LLC’s portfolio, making the stock its 9th largest position. Fmr LLC owned 0.96% of Alphabet worth $22,470,344,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Weiss Asset Management LP purchased a new stake in shares of Alphabet during the third quarter valued at $25,000. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $27,000. WealthTrak Capital Management LLC purchased a new stake in Alphabet in the fourth quarter valued at $38,000. Mountain Hill Investment Partners Corp. purchased a new position in Alphabet during the 4th quarter valued at about $39,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Alphabet during the fourth quarter worth $43,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of GOOG stock opened at $147.74 on Friday. The firm has a fifty day moving average of $177.04 and a two-hundred day moving average of $178.43. The firm has a market cap of $1.80 trillion, a P/E ratio of 18.35, a P/E/G ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 1-year low of $147.54 and a 1-year high of $208.70. 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:GOOG) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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%. As a group, research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Westpark Capital initiated coverage on shares of Alphabet in a report on Tuesday, April 1st. They set a “buy” rating and a $210.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Rosenblatt Securities reissued a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Oppenheimer raised their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $208.65.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the transaction, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,797 shares of company stock worth $21,089,470 over the last 90 days. Insiders own 12.99% 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.