Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Titleist Asset Management LLC

Titleist Asset Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,440 shares of the information services provider’s stock after purchasing an additional 160 shares during the quarter. Titleist Asset Management LLC’s holdings in Alphabet were worth $3,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Peapack Gladstone Financial Corp increased its stake in shares of Alphabet by 0.3% in the fourth quarter. Peapack Gladstone Financial Corp now owns 835,342 shares of the information services provider’s stock valued at $158,131,000 after purchasing an additional 2,094 shares during the period. Himension Capital Singapore PTE. LTD. raised its stake in shares of Alphabet by 40.0% in the 4th quarter. Himension Capital Singapore PTE. LTD. now owns 122,587 shares of the information services provider’s stock worth $23,206,000 after buying an additional 35,000 shares in the last quarter. Columbus Hill Capital Management L.P. acquired a new stake in Alphabet in the 4th quarter valued at about $30,556,000. Cascades Capital Asset Management LLC lifted its stake in Alphabet by 0.6% during the fourth quarter. Cascades Capital Asset Management LLC now owns 16,114 shares of the information services provider’s stock valued at $3,050,000 after purchasing an additional 100 shares during the last quarter. Finally, Mirabaud Asset Management Ltd lifted its position in shares of Alphabet by 5.8% during the 4th quarter. Mirabaud Asset Management Ltd now owns 41,986 shares of the information services provider’s stock valued at $8,029,000 after acquiring an additional 2,298 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of Alphabet stock opened at $157.14 on Friday. The stock’s fifty day simple moving average is $168.52 and its 200 day simple moving average is $176.22. 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 market capitalization of $1.92 trillion, a PE ratio of 19.52, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the sale, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the sale, the director now directly owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,797 shares of company stock worth $21,089,470. Insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on GOOGL shares. Stifel Nicolaus raised their target price on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. 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. Piper Sandler cut their price target on shares of Alphabet from $208.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday. Westpark Capital raised Alphabet to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, Bank of America reiterated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.51.

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.