Grantham Mayo Van Otterloo & Co. LLC Has $23.97 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Grantham Mayo Van Otterloo & Co. LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 58.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 125,850 shares of the information services provider’s stock after selling 174,061 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Alphabet were worth $23,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GOOG. Weiss Asset Management LP bought a new stake in Alphabet during the 3rd quarter valued at $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the fourth quarter worth about $27,000. WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet in the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet in the 4th quarter valued at about $39,000. Finally, Noble Wealth Management PBC acquired a new position in Alphabet during the 4th quarter valued at about $43,000. Institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GOOG shares. Wedbush restated an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.65.

Alphabet Stock Down 3.2 %

Alphabet stock opened at $147.74 on Friday. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.34 and a beta of 1.04. The firm has a 50 day simple moving average of $177.04 and a 200 day simple moving average of $178.43. Alphabet Inc. has a 1-year low of $147.54 and a 1-year high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the transaction, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,797 shares of company stock valued at $21,089,470. Corporate insiders own 12.99% of the company’s stock.

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.