Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 535,446 shares of the information services provider’s stock after purchasing an additional 37,986 shares during the quarter. Alphabet comprises approximately 5.4% of Baader Bank Aktiengesellschaft’s investment portfolio, making the stock its 2nd largest holding. Baader Bank Aktiengesellschaft’s holdings in Alphabet were worth $74,796,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Lazard Freres Gestion S.A.S. lifted its stake in Alphabet by 0.3% during the 4th quarter. Lazard Freres Gestion S.A.S. now owns 1,431,757 shares of the information services provider’s stock valued at $190,659,000 after acquiring an additional 4,596 shares in the last quarter. Savvy Advisors Inc. bought a new position in Alphabet during the 4th quarter valued at $323,000. Guardian Capital LP lifted its stake in Alphabet by 3.4% during the 4th quarter. Guardian Capital LP now owns 90,704 shares of the information services provider’s stock valued at $12,670,000 after acquiring an additional 3,000 shares in the last quarter. Barings LLC lifted its stake in Alphabet by 1.6% during the 4th quarter. Barings LLC now owns 32,786 shares of the information services provider’s stock valued at $4,580,000 after acquiring an additional 507 shares in the last quarter. Finally, Wade G W & Inc. lifted its stake in Alphabet by 22.0% during the 4th quarter. Wade G W & Inc. now owns 110,260 shares of the information services provider’s stock valued at $15,402,000 after acquiring an additional 19,880 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GOOGL. JPMorgan Chase & Co. raised their price objective on Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Evercore ISI lifted their target price on Alphabet from $160.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. UBS Group lifted their target price on Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Loop Capital lifted their target price on Alphabet from $155.00 to $170.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Finally, Citigroup lifted their target price on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.60.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the sale, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The disclosure for this sale can be found here. Insiders sold a total of 205,935 shares of company stock valued at $31,178,987 over the last quarter. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Up 0.5 %

Shares of NASDAQ GOOGL opened at $177.85 on Wednesday. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $178.77. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 27.28, a PEG ratio of 1.35 and a beta of 1.02. The business has a 50-day moving average of $158.79 and a 200-day moving average of $145.98.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 7.61 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, June 10th.

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.