Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Boosted by Callahan Advisors LLC
Callahan Advisors LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 257,842 shares of the information services provider's stock after acquiring an additional 12,248 shares during the quarter. Alphabet comprises approximately 4.6% of Callahan Advisors LLC's portfolio, making the stock its 3rd biggest holding. Callahan Advisors LLC's holdings in Alphabet were worth $49,103,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. M&G PLC bought a new position in shares of Alphabet in the third quarter worth $2,240,000. GPS Wealth Strategies Group LLC increased its holdings in shares of Alphabet by 6.8% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock worth $3,094,000 after purchasing an additional 1,041 shares during the period. Coldstream Capital Management Inc. increased its holdings in shares of Alphabet by 14.4% in the third quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider's stock worth $19,642,000 after purchasing an additional 14,738 shares during the period. Metis Global Partners LLC increased its holdings in shares of Alphabet by 1.4% in the third quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider's stock worth $50,488,000 after purchasing an additional 4,292 shares during the period. Finally, Requisite Capital Management LLC bought a new position in shares of Alphabet in the fourth quarter worth $927,000. Institutional investors own 27.26% of the company's stock.
A number of research analysts recently commented on the company. Wedbush reissued an "outperform" rating and issued a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Phillip Securities raised Alphabet to a "strong-buy" rating in a research note on Friday, November 1st. Scotiabank increased their target price on Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Seaport Res Ptn raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Finally, Citigroup increased their target price on Alphabet from $212.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $209.13.
Check Out Our Latest Stock Analysis on Alphabet
In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the sale, the director now directly owns 23,324 shares in the company, valued at $4,529,987.28. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,367 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares of the company's stock, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,299 shares of company stock worth $25,055,751 over the last three months. Corporate insiders own 12.99% of the company's stock.
Shares of GOOG stock opened at $181.58 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $2.21 trillion, a P/E ratio of 22.56, a P/E/G ratio of 1.35 and a beta of 1.00. The company's 50-day simple moving average is $194.02 and its two-hundred day simple moving average is $177.22. Alphabet Inc. has a one year low of $131.55 and a one year high of $208.70.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.44%. Alphabet's dividend payout ratio (DPR) is 9.94%.
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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