Alphabet Inc. (NASDAQ:GOOG) is Crow s Nest Holdings LP’s 5th Largest Position

Crow s Nest Holdings LP increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 205,000 shares of the information services provider’s stock after purchasing an additional 15,000 shares during the period. Alphabet accounts for about 8.2% of Crow s Nest Holdings LP’s holdings, making the stock its 5th biggest holding. Crow s Nest Holdings LP’s holdings in Alphabet were worth $39,040,000 at the end of the most recent reporting period.

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

Alphabet Stock Up 0.1 %

Shares of NASDAQ GOOG opened at $166.05 on Tuesday. The firm’s 50-day moving average is $162.07 and its two-hundred day moving average is $177.25. The company has a market capitalization of $2.02 trillion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. 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 12-month low of $142.66 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion for the quarter, compared to analysts’ expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $1.89 EPS. Equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a 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 presently 9.36%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the sale, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at $2,377,014.99. This represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at approximately $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 sold 146,824 shares of company stock worth $25,086,603 in the last 90 days. 12.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GOOG has been the topic of several research analyst reports. Oppenheimer raised their target price on Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Westpark Capital reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Susquehanna reaffirmed a “positive” rating on shares of Alphabet in a report on Friday. Citigroup reaffirmed a “sell” rating on shares of Alphabet in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Alphabet from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $203.94.

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.