Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Capital Research Global Investors

Capital Research Global Investors increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,148,500 shares of the information services provider’s stock after acquiring an additional 294,556 shares during the quarter. Alphabet makes up 1.5% of Capital Research Global Investors’ holdings, making the stock its 12th largest holding. Capital Research Global Investors owned about 0.32% of Alphabet worth $7,455,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of GOOG. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in Alphabet in the 4th quarter valued at approximately $27,000. WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet during the 4th quarter valued at $38,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Alphabet during the 4th quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Alphabet during the fourth quarter worth $43,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Down 1.4 %

Shares of NASDAQ GOOG opened at $153.36 on Friday. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $167.16 and a two-hundred day moving average of $177.47. The company has a market cap of $1.87 trillion, a PE ratio of 19.05, a P/E/G ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last announced 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, equities analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. Alphabet’s dividend payout ratio is currently 9.94%.

Analysts Set New Price Targets

A number of equities analysts recently commented on GOOG shares. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. UBS Group cut their price objective on shares of Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $210.88.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the transaction, the chief executive officer now directly owns 2,685,196 shares in the company, valued at $419,320,207.36. The trade was a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,163 shares of company stock valued at $25,361,647 over the last three months. Company 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.