Sarasin & Partners LLP Has $509.28 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Sarasin & Partners LLP increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 6.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,690,352 shares of the information services provider’s stock after buying an additional 167,609 shares during the period. Alphabet accounts for about 5.6% of Sarasin & Partners LLP’s portfolio, making the stock its 5th largest holding. Sarasin & Partners LLP’s holdings in Alphabet were worth $509,284,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOGL. Lantz Financial LLC boosted its position in shares of Alphabet by 10.8% in the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after acquiring an additional 452 shares during the period. Evernest Financial Advisors LLC raised its stake in Alphabet by 0.7% in the second quarter. Evernest Financial Advisors LLC now owns 11,576 shares of the information services provider’s stock valued at $2,109,000 after purchasing an additional 81 shares in the last quarter. Marco Investment Management LLC raised its position in shares of Alphabet by 3.1% in the 2nd quarter. Marco Investment Management LLC now owns 69,839 shares of the information services provider’s stock valued at $12,721,000 after buying an additional 2,088 shares in the last quarter. HHM Wealth Advisors LLC boosted its position in shares of Alphabet by 1.6% during the 2nd quarter. HHM Wealth Advisors LLC now owns 8,074 shares of the information services provider’s stock worth $1,471,000 after acquiring an additional 130 shares in the last quarter. Finally, Wellington Shields & Co. LLC increased its stake in Alphabet by 0.9% in the second quarter. Wellington Shields & Co. LLC now owns 16,349 shares of the information services provider’s stock valued at $2,978,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,387 shares of company stock worth $24,368,654 in the last quarter. Insiders own 11.55% of the company’s stock.

Alphabet Stock Down 0.2 %

GOOGL stock opened at $197.98 on Friday. The stock’s 50 day simple moving average is $185.46 and its 200 day simple moving average is $173.55. The company has a market cap of $2.42 trillion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $202.29.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period last year, the business earned $1.55 EPS. On average, research analysts expect that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is presently 10.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GOOGL shares. Stifel Nicolaus upped their target price on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Tigress Financial raised their price objective on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. BMO Capital Markets reissued an “outperform” rating and set a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Pivotal Research raised their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Bank of America reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and four 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 target price of $208.67.

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About Alphabet

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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