Clifford Swan Investment Counsel LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 443,998 shares of the information services provider’s stock after buying an additional 2,663 shares during the period. Alphabet makes up approximately 2.4% of Clifford Swan Investment Counsel LLC’s holdings, making the stock its 6th largest holding. Clifford Swan Investment Counsel LLC’s holdings in Alphabet were worth $62,022,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Alphabet by 5.6% in the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after buying an additional 12,070,681 shares during the period. Northern Trust Corp grew its position in Alphabet by 3.7% in the 3rd quarter. Northern Trust Corp now owns 67,684,197 shares of the information services provider’s stock valued at $8,857,154,000 after acquiring an additional 2,416,328 shares during the last quarter. Fisher Asset Management LLC increased its stake in Alphabet by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 45,220,857 shares of the information services provider’s stock worth $6,316,902,000 after purchasing an additional 1,472,043 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Alphabet by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 34,035,275 shares of the information services provider’s stock valued at $4,453,856,000 after purchasing an additional 335,219 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Alphabet by 7.8% in the third quarter. American Century Companies Inc. now owns 25,064,614 shares of the information services provider’s stock worth $3,279,955,000 after purchasing an additional 1,809,910 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.
Alphabet Stock Performance
NASDAQ GOOGL opened at $168.65 on Monday. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 25.87, a PEG ratio of 1.29 and a beta of 1.02. The stock has a 50-day simple moving average of $153.32 and a two-hundred day simple moving average of $143.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $174.71.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same period last year, the business earned $1.17 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 7.57 earnings per share for the current year.
Alphabet Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Wedbush lifted their price objective on shares of Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Piper Sandler reaffirmed an “overweight” rating and set a $200.00 price target (up previously from $160.00) on shares of Alphabet in a research note on Friday, April 26th. Mizuho boosted their price target on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 26th. Evercore ISI raised their price objective on Alphabet from $160.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, KeyCorp upped their target price on Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $190.60.
Check Out Our Latest Stock Report on GOOGL
Insider Transactions at Alphabet
In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total value of $3,753,000.00. Following the completion of the transaction, the chief executive officer now owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares in the company, valued at $3,903,886.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the sale, the chief executive officer now owns 2,280,511 shares of the company’s stock, valued at approximately $380,389,234.80. The disclosure for this sale can be found here. Insiders have sold a total of 251,829 shares of company stock valued at $36,971,456 in the last ninety days. 0.88% of the stock is currently owned by corporate insiders.
Alphabet Company 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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