Alphabet Inc. (NASDAQ:GOOG) is Xponance Inc.’s 9th Largest Position

Xponance Inc. raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,169,976 shares of the information services provider’s stock after purchasing an additional 19,360 shares during the quarter. Alphabet accounts for 2.0% of Xponance Inc.’s holdings, making the stock its 9th largest holding. Xponance Inc.’s holdings in Alphabet were worth $222,810,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Generali Asset Management SPA SGR purchased a new position in shares of Alphabet during the 4th quarter worth approximately $79,306,000. Evoke Wealth LLC grew its position in Alphabet by 7.7% in the 4th quarter. Evoke Wealth LLC now owns 29,361 shares of the information services provider’s stock valued at $5,592,000 after acquiring an additional 2,090 shares in the last quarter. Horizon Investments LLC boosted its stake in shares of Alphabet by 8.0% in the fourth quarter. Horizon Investments LLC now owns 10,071 shares of the information services provider’s stock valued at $1,918,000 after purchasing an additional 748 shares during the period. Advisors Asset Management Inc. increased its stake in Alphabet by 44.6% during the 4th quarter. Advisors Asset Management Inc. now owns 19,559 shares of the information services provider’s stock worth $3,725,000 after buying an additional 6,033 shares during the period. Finally, Carlson Capital Management lifted its holdings in Alphabet by 6.4% during the 4th quarter. Carlson Capital Management now owns 5,012 shares of the information services provider’s stock worth $954,000 after buying an additional 301 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,048 shares of company stock valued at $17,374,274. 12.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GOOG. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank boosted their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Wedbush restated an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $209.13.

Alphabet Trading Down 0.6 %

Shares of GOOG stock opened at $166.57 on Tuesday. The company has a market capitalization of $2.03 trillion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $186.78 and its two-hundred day moving average is $178.12. Alphabet Inc. has a twelve month low of $147.01 and a twelve month high of $208.70.

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

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s payout ratio is currently 9.94%.

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.