Alphabet Inc. $GOOGL Holdings Lessened by CenterBook Partners LP

CenterBook Partners LP reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,869 shares of the information services provider’s stock after selling 7,362 shares during the period. Alphabet comprises 1.8% of CenterBook Partners LP’s portfolio, making the stock its 5th largest position. CenterBook Partners LP’s holdings in Alphabet were worth $32,932,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GOOGL. Brighton Jones LLC lifted its stake in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after acquiring an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares during the last quarter. Smart Money Group LLC increased its holdings in Alphabet by 9.4% during the 1st quarter. Smart Money Group LLC now owns 6,181 shares of the information services provider’s stock worth $956,000 after purchasing an additional 532 shares during the last quarter. United Bank raised its position in shares of Alphabet by 2.1% in the 1st quarter. United Bank now owns 45,084 shares of the information services provider’s stock valued at $6,972,000 after purchasing an additional 910 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its stake in shares of Alphabet by 16.4% during the 1st quarter. Integrated Investment Consultants LLC now owns 27,114 shares of the information services provider’s stock valued at $4,193,000 after buying an additional 3,822 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOGL stock opened at $319.63 on Thursday. The company has a market cap of $3.86 trillion, a P/E ratio of 31.52, a PEG ratio of 1.82 and a beta of 1.07. The business has a 50 day moving average of $273.22 and a two-hundred day moving average of $222.36. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $328.83. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. As a group, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GOOGL shares. New Street Research lifted their price target on shares of Alphabet from $275.00 to $295.00 in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Alphabet from $260.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Wedbush restated an “outperform” rating and issued a $320.00 target price (up previously from $245.00) on shares of Alphabet in a research note on Thursday, October 30th. HSBC lifted their price target on Alphabet from $335.00 to $370.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, BNP Paribas initiated coverage on Alphabet in a research note on Monday, November 24th. They set an “outperform” rating and a $355.00 price objective on the stock. Four investment analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $312.06.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $243.41, for a total transaction of $7,910,825.00. Following the completion of the transaction, the chief executive officer owned 2,402,119 shares in the company, valued at approximately $584,699,785.79. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 17,816 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the sale, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 193,628 shares of company stock valued at $50,942,622. 11.64% of the stock is currently owned by company insiders.

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.