Alphabet Inc. (NASDAQ:GOOG) is Intellectus Partners LLC’s 4th Largest Position

Intellectus Partners LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,741 shares of the information services provider’s stock after buying an additional 4,929 shares during the period. Alphabet comprises about 3.2% of Intellectus Partners LLC’s portfolio, making the stock its 4th biggest position. Intellectus Partners LLC’s holdings in Alphabet were worth $14,424,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB lifted its holdings in Alphabet by 0.6% during the 3rd quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock worth $1,394,181,000 after buying an additional 51,226 shares during the last quarter. M&G PLC acquired a new stake in shares of Alphabet during the 3rd quarter worth about $2,240,000. Principal Financial Group Inc. lifted its stake in Alphabet by 2.5% during the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock worth $1,843,149,000 after purchasing an additional 264,962 shares during the last quarter. Verity Asset Management Inc. acquired a new position in Alphabet in the third quarter valued at approximately $322,000. Finally, AIA Group Ltd boosted its holdings in Alphabet by 8.6% in the third quarter. AIA Group Ltd now owns 95,629 shares of the information services provider’s stock valued at $15,988,000 after purchasing an additional 7,536 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GOOG. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Scotiabank upped their price objective on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Insider Activity at Alphabet

In other news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the sale, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,316 shares of company stock worth $25,062,887 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

NASDAQ:GOOG opened at $175.75 on Friday. The firm has a market cap of $2.14 trillion, a price-to-earnings ratio of 21.83, 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. Alphabet Inc. has a 1-year low of $134.80 and a 1-year high of $208.70. The firm’s fifty day moving average price is $189.85 and its 200 day moving average price is $178.00.

Alphabet (NASDAQ:GOOG) 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 net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet’s dividend payout ratio is currently 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.