True Vision MN LLC Buys Shares of 5,699 Alphabet Inc. (NASDAQ:GOOGL)

True Vision MN LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,699 shares of the information services provider’s stock, valued at approximately $796,000. Alphabet comprises approximately 0.6% of True Vision MN LLC’s portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC raised its position in shares of Alphabet by 5.6% during the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock valued at $29,746,764,000 after acquiring an additional 12,070,681 shares during the last quarter. Norges Bank bought a new stake in shares of Alphabet in the 4th quarter valued at $15,441,917,000. Northern Trust Corp increased its position in shares of 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 buying an additional 2,416,328 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Alphabet by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 45,220,857 shares of the information services provider’s stock valued at $6,316,902,000 after buying an additional 1,472,043 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Alphabet by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,910,194 shares of the information services provider’s stock valued at $4,876,605,000 after buying an additional 874,919 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $149.50, for a total value of $74,750.00. Following the sale, the director now owns 8,791 shares in the company, valued at $1,314,254.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director John L. Hennessy sold 500 shares of Alphabet stock in a transaction on Monday, March 18th. The shares were sold at an average price of $149.50, for a total transaction of $74,750.00. Following the transaction, the director now owns 8,791 shares in the company, valued at $1,314,254.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares in the company, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Insiders have sold 158,958 shares of company stock worth $25,805,853 over the last quarter. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $200.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Jefferies Financial Group upped their target price on shares of Alphabet from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Barclays upped their target price on shares of Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Bank of America reaffirmed a “buy” rating and issued a $200.00 target price on shares of Alphabet in a research note on Tuesday, June 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Alphabet in a research note on Wednesday, May 15th. Five investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.26.

Read Our Latest Analysis on GOOGL

Alphabet Price Performance

Shares of NASDAQ GOOGL traded up $1.63 during trading hours on Friday, hitting $176.79. 18,063,555 shares of the stock were exchanged, compared to its average volume of 21,874,168. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market cap of $2.18 trillion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company’s fifty day simple moving average is $168.08 and its two-hundred day simple moving average is $151.11. Alphabet Inc. has a 1-year low of $115.35 and a 1-year high of $180.41.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter last year, the business posted $1.17 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced 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 is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Alphabet’s dividend payout ratio is currently 12.27%.

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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