StrongBox Wealth LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,706 shares of the information services provider's stock after selling 2,536 shares during the quarter. Alphabet comprises approximately 3.1% of StrongBox Wealth LLC's investment portfolio, making the stock its 11th biggest holding. StrongBox Wealth LLC's holdings in Alphabet were worth $7,327,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of GOOGL. State Street Corp lifted its stake in shares of Alphabet by 0.3% in the 3rd quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock valued at $36,910,838,000 after purchasing an additional 743,369 shares during the period. Geode Capital Management LLC increased its stake in Alphabet by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock worth $22,154,651,000 after purchasing an additional 2,626,431 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock worth $10,559,240,000 after buying an additional 4,567,275 shares during the period. Fisher Asset Management LLC lifted its stake in Alphabet by 2.5% in the third quarter. Fisher Asset Management LLC now owns 49,857,900 shares of the information services provider's stock valued at $8,268,933,000 after buying an additional 1,237,385 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Alphabet by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 37,233,079 shares of the information services provider's stock valued at $6,175,106,000 after buying an additional 523,416 shares during the period. 40.03% of the stock is owned by institutional investors.
Shares of GOOGL opened at $196.00 on Friday. The business's fifty day moving average is $184.43 and its 200 day moving average is $173.42. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $201.42. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.40 trillion, a P/E ratio of 25.99, a P/E/G ratio of 1.22 and a beta of 0.98.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the firm earned $1.55 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's dividend payout ratio (DPR) is presently 10.61%.
In other news, CAO Amie Thuener O'toole sold 2,834 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares of the company's stock, valued at $3,468,029.04. This represents a 13.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 441 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the transaction, the director now owns 16,490 shares of the company's stock, valued at $2,820,779.40. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,387 shares of company stock valued at $24,368,654. Corporate insiders own 11.55% of the company's stock.
GOOGL has been the topic of a number of research reports. China Renaissance raised shares of Alphabet from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Morgan Stanley boosted their target price on shares of Alphabet from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. KeyCorp increased their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Tigress Financial boosted their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 26th. Finally, Phillip Securities upgraded Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $208.15.
Check Out Our Latest Analysis on GOOGL
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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