BSN CAPITAL PARTNERS Ltd Purchases 196,470 Shares of Alphabet Inc. (NASDAQ:GOOG)

BSN CAPITAL PARTNERS Ltd increased its position in Alphabet Inc. (NASDAQ:GOOG) by 189.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,000 shares of the information services provider’s stock after purchasing an additional 196,470 shares during the quarter. Alphabet makes up 2.3% of BSN CAPITAL PARTNERS Ltd’s portfolio, making the stock its 9th biggest position. BSN CAPITAL PARTNERS Ltd’s holdings in Alphabet were worth $57,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Alphabet by 4.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 688,178 shares of the information services provider’s stock valued at $131,057,000 after purchasing an additional 29,831 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Alphabet by 80.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,251,611 shares of the information services provider’s stock valued at $238,370,000 after buying an additional 558,040 shares during the period. Telligent Fund LP bought a new position in Alphabet in the fourth quarter valued at approximately $1,524,000. RNC Capital Management LLC boosted its stake in Alphabet by 7.4% in the fourth quarter. RNC Capital Management LLC now owns 80,687 shares of the information services provider’s stock valued at $15,366,000 after acquiring an additional 5,570 shares during the last quarter. Finally, Tandem Financial LLC acquired a new stake in Alphabet during the 4th quarter worth $603,000. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,529 shares of company stock valued at $16,600,078. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $188.20 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.95. The firm has a market cap of $2.30 trillion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.39 and a beta of 1.00. The stock’s 50-day moving average is $193.12 and its 200-day moving average is $176.14. Alphabet Inc. has a one year low of $131.55 and a one year high of $208.70.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. Equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GOOG shares. Jefferies Financial Group raised their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Pivotal Research upped their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Citigroup boosted their price objective on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $209.13.

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.