Alphabet Inc. (NASDAQ:GOOG) is Bayesian Capital Management LP’s 9th Largest Position

Bayesian Capital Management LP raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 450.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,900 shares of the information services provider’s stock after purchasing an additional 30,200 shares during the quarter. Alphabet comprises about 0.9% of Bayesian Capital Management LP’s investment portfolio, making the stock its 9th biggest position. Bayesian Capital Management LP’s holdings in Alphabet were worth $7,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOG. Fiduciary Advisors Inc. purchased a new position in Alphabet in the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new position in shares of Alphabet in the fourth quarter valued at $27,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet in the fourth quarter valued at $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet during the 4th quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new stake in Alphabet during the 4th quarter worth $43,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at $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 a total of 148,164 shares of company stock worth $25,357,390 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 1.9 %

Alphabet stock opened at $165.81 on Friday. The firm has a 50-day moving average price of $162.25 and a two-hundred day moving average price of $177.16. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The firm has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.34 and a beta of 1.01. 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:GOOG) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. The business had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.89 EPS. Sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.51%. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Wall Street Analyst Weigh In

Several research analysts recently commented on GOOG shares. Scotiabank cut their price target on Alphabet from $232.00 to $200.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 21st. Wedbush reiterated an “outperform” rating and set a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. KeyCorp dropped their price target on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Susquehanna reaffirmed a “positive” rating on shares of Alphabet in a report on Friday. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.94.

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.