Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Grand Jean Capital Management Inc.

Grand Jean Capital Management Inc. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,430 shares of the information services provider’s stock after selling 6,491 shares during the period. Alphabet makes up 4.7% of Grand Jean Capital Management Inc.’s portfolio, making the stock its 7th biggest position. Grand Jean Capital Management Inc.’s holdings in Alphabet were worth $15,704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GOOG. Norges Bank acquired a new position in Alphabet during the fourth quarter worth about $4,101,040,000. JPMorgan Chase & Co. boosted its holdings in Alphabet by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock worth $12,649,838,000 after buying an additional 9,703,425 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Alphabet during the fourth quarter worth approximately $11,600,970,000. FMR LLC grew its position in Alphabet by 3.8% in the third quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock worth $15,852,868,000 after buying an additional 4,348,188 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Alphabet by 198.7% in the fourth quarter. Cerity Partners LLC now owns 3,882,882 shares of the information services provider’s stock valued at $547,215,000 after buying an additional 2,583,128 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Down 0.9 %

Alphabet stock traded down $1.65 during trading hours on Thursday, hitting $177.91. The company had a trading volume of 6,391,106 shares, compared to its average volume of 21,289,590. The firm’s fifty day moving average is $168.67 and its 200-day moving average is $151.85. The firm has a market capitalization of $2.20 trillion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01. Alphabet Inc. has a fifty-two week low of $115.83 and a fifty-two week high of $182.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 EPS. On average, research analysts forecast that Alphabet Inc. will post 7.69 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 10th. Alphabet’s payout ratio is presently 12.27%.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 500 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $149.50, for a total transaction of $74,750.00. Following the transaction, the director now owns 8,791 shares of the company’s stock, valued at approximately $1,314,254.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 500 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $149.50, for a total transaction of $74,750.00. Following the completion of the sale, the director now directly owns 8,791 shares in the company, valued at $1,314,254.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total value of $266,880.00. Following the completion of the sale, the director now directly owns 3,727 shares in the company, valued at approximately $663,107.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,958 shares of company stock worth $25,805,853. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Finally, Oppenheimer raised their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $165.67.

Get Our Latest Analysis on Alphabet

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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