Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 55.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 214,443 shares of the information services provider’s stock after purchasing an additional 76,410 shares during the period. Alphabet comprises about 0.8% of Picton Mahoney Asset Management’s holdings, making the stock its 9th largest position. Picton Mahoney Asset Management’s holdings in Alphabet were worth $29,956,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. Meritage Group LP grew its stake in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the period. Macroview Investment Management LLC increased its holdings in Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after buying an additional 199 shares in the last quarter. Armor Investment Advisors LLC boosted its position in 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 purchasing an additional 80 shares in the last quarter. Finally, IAG Wealth Partners LLC increased its holdings in Alphabet by 55.9% during the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 123 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

GOOGL stock opened at $170.34 on Wednesday. The firm has a 50-day moving average of $154.03 and a two-hundred day moving average of $143.91. The firm has a market capitalization of $2.11 trillion, a PE ratio of 26.13, a P/E/G ratio of 1.30 and a beta of 1.02. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a one year low of $115.35 and a one year high of $174.71.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. During the same quarter last year, the business posted $1.17 EPS. On average, analysts forecast that Alphabet Inc. will post 7.57 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, June 10th.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 300 shares of Alphabet stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the transaction, the director now owns 9,291 shares of the company’s stock, valued at approximately $1,296,187.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Alphabet news, insider John Kent Walker sold 48,076 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total value of $6,836,407.20. Following the completion of the sale, the insider now owns 12,725 shares in the company, valued at approximately $1,809,495. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total transaction of $41,853.00. Following the transaction, the director now owns 9,291 shares in the company, valued at $1,296,187.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,011 shares of company stock valued at $37,337,245. Corporate insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several analyst reports. Argus upped their target price on Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Barclays raised their price objective on Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Evercore ISI upped their target price on shares of Alphabet from $160.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus increased their target price on Alphabet from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Citigroup upped their price objective on Alphabet from $168.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.60.

Read Our Latest Stock Analysis on Alphabet

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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