Alphabet Inc. (NASDAQ:GOOGL) Stock Position Increased by Parametrica Management Ltd

Parametrica Management Ltd increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,113 shares of the information services provider’s stock after purchasing an additional 2,444 shares during the period. Alphabet makes up 7.5% of Parametrica Management Ltd’s investment portfolio, making the stock its 2nd largest holding. Parametrica Management Ltd’s holdings in Alphabet were worth $5,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new position in shares of Alphabet in the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at about $39,000. PayPay Securities Corp increased its position in shares of Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Denver PWM LLC lifted its stake in shares of Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after purchasing an additional 57 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group set a $190.00 target price on shares of Alphabet in a report on Thursday, March 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Bank of America reissued a “buy” rating and set a $210.00 price target on shares of Alphabet in a report on Monday, December 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Westpark Capital raised Alphabet to a “strong-buy” rating in a research report on Tuesday. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $209.13.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the transaction, the insider now owns 43,111 shares of the company’s stock, valued at $7,997,521.61. This represents a 29.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,797 shares of company stock valued at $21,089,470 in the last ninety days. 11.55% of the stock is owned by company insiders.

Alphabet Trading Down 3.4 %

Shares of GOOGL stock opened at $145.60 on Friday. The company has a market cap of $1.77 trillion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. 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 stock’s 50 day simple moving average is $175.15 and its two-hundred day simple moving average is $176.68. Alphabet Inc. has a 1 year low of $145.38 and a 1 year high of $207.05.

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

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.55%. Alphabet’s payout ratio is 9.94%.

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.