Mondrian Investment Partners LTD Buys 686,379 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Mondrian Investment Partners LTD raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 19,560.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 689,888 shares of the information services provider’s stock after purchasing an additional 686,379 shares during the period. Alphabet comprises 2.4% of Mondrian Investment Partners LTD’s portfolio, making the stock its 11th largest holding. Mondrian Investment Partners LTD’s holdings in Alphabet were worth $140,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Madison Investment Advisors LLC bought a new position in shares of Alphabet during the fourth quarter valued at $3,048,000. JPL Wealth Management LLC bought a new position in Alphabet in the 4th quarter worth $7,934,000. Phillips Financial Management LLC boosted its position in shares of Alphabet by 5.5% during the fourth quarter. Phillips Financial Management LLC now owns 6,869 shares of the information services provider’s stock worth $1,300,000 after acquiring an additional 356 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in Alphabet by 2.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 5,291 shares of the information services provider’s stock worth $1,002,000 after acquiring an additional 102 shares during the last quarter. Finally, Impact Capital Partners LLC purchased a new position in Alphabet in the fourth quarter worth about $3,502,000. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 673 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the sale, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. The trade was a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,663 shares of company stock worth $20,286,447. 11.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GOOGL shares. Morgan Stanley decreased their target price on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their price objective on shares of Alphabet from $184.00 to $167.00 and set an “equal weight” rating for the company in a research note on Monday, March 31st. Bank of America reissued a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Jefferies Financial Group lowered their price target on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Roth Mkm reissued a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $202.46.

Alphabet Stock Down 1.9 %

Shares of NASDAQ:GOOGL opened at $153.33 on Thursday. The stock has a market cap of $1.87 trillion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The firm’s 50 day moving average price is $166.53 and its 200 day moving average price is $175.98. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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 research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Alphabet 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.