Alphabet Inc. (NASDAQ:GOOG) Position Lowered by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,370 shares of the information services provider’s stock after selling 1,340 shares during the period. Alphabet accounts for 9.4% of Intrinsic Value Partners LLC’s portfolio, making the stock its 2nd largest holding. Intrinsic Value Partners LLC’s holdings in Alphabet were worth $8,085,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Alphabet by 11.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock worth $12,649,838,000 after buying an additional 9,703,425 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Alphabet in the fourth quarter worth about $11,600,970,000. FMR LLC increased its stake in Alphabet by 3.8% during the third quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock worth $15,852,868,000 after acquiring an additional 4,348,188 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Alphabet by 198.7% in the 4th quarter. Cerity Partners LLC now owns 3,882,882 shares of the information services provider’s stock valued at $547,215,000 after purchasing an additional 2,583,128 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Alphabet by 93.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,591,383 shares of the information services provider’s stock worth $647,064,000 after purchasing an additional 2,222,950 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 800 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $149.73, for a total transaction of $119,784.00. Following the completion of the sale, the director now directly owns 7,164 shares of the company’s stock, valued at $1,072,665.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director John L. Hennessy sold 800 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $149.73, for a total transaction of $119,784.00. Following the completion of the sale, the director now owns 7,164 shares in the company, valued at approximately $1,072,665.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 48,076 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $142.20, for a total value of $6,836,407.20. Following the completion of the transaction, the insider now owns 12,725 shares of the company’s stock, valued at approximately $1,809,495. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 252,629 shares of company stock valued at $37,091,240. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 0.2 %

GOOG stock traded up $0.42 during mid-day trading on Thursday, reaching $171.58. The company had a trading volume of 11,914,729 shares, compared to its average volume of 22,523,879. The company has a market capitalization of $2.12 trillion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. The firm has a 50 day moving average of $153.41 and a 200 day moving average of $144.40. Alphabet Inc. has a 12 month low of $108.48 and a 12 month high of $176.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. During the same period last year, the business posted $1.17 EPS. Alphabet’s quarterly revenue was up 15.4% on a year-over-year basis. On average, equities analysts predict that Alphabet Inc. will post 7.66 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Oppenheimer increased their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Morgan Stanley restated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Raymond James upped their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Stifel Nicolaus raised their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Susquehanna upped their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $165.67.

About Alphabet

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.