Jackson Square Capital LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,730 shares of the information services provider’s stock after purchasing an additional 181 shares during the period. Jackson Square Capital LLC’s holdings in Alphabet were worth $2,043,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of GOOG. Beck Bode LLC increased its position in Alphabet by 7.1% during the 2nd quarter. Beck Bode LLC now owns 67,523 shares of the information services provider’s stock valued at $12,385,000 after purchasing an additional 4,456 shares during the period. Certified Advisory Corp increased its position in shares of Alphabet by 3.5% during the second quarter. Certified Advisory Corp now owns 17,176 shares of the information services provider’s stock worth $3,150,000 after buying an additional 582 shares during the period. Nippon Life Global Investors Americas Inc. raised its stake in Alphabet by 1.7% during the second quarter. Nippon Life Global Investors Americas Inc. now owns 687,740 shares of the information services provider’s stock worth $126,145,000 after buying an additional 11,490 shares during the last quarter. Beck Capital Management LLC lifted its holdings in Alphabet by 4.1% in the second quarter. Beck Capital Management LLC now owns 26,247 shares of the information services provider’s stock valued at $4,814,000 after buying an additional 1,030 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in Alphabet by 94.8% during the second quarter. Public Sector Pension Investment Board now owns 159,321 shares of the information services provider’s stock valued at $29,223,000 after acquiring an additional 77,530 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.
Insider Buying and Selling at Alphabet
In related news, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the sale, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,387 shares of company stock worth $24,368,654. Insiders own 12.99% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Analysis on GOOG
Alphabet Stock Up 1.6 %
GOOG stock opened at $197.55 on Tuesday. The firm has a market capitalization of $2.42 trillion, a PE ratio of 26.20, a P/E/G ratio of 1.21 and a beta of 0.99. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $202.88. The stock’s 50 day moving average is $185.92 and its 200-day moving average is $174.76.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. During the same period last year, the business earned $1.55 EPS. The business’s revenue was up 15.1% on a year-over-year basis. Sell-side analysts expect that Alphabet Inc. will post 8.03 EPS for the current fiscal year.
Alphabet Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s payout ratio is 10.61%.
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.
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