Alphabet Inc. $GOOG Holdings Lifted by Clough Capital Partners L P

Clough Capital Partners L P grew its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,016 shares of the information services provider’s stock after purchasing an additional 18,605 shares during the period. Alphabet accounts for about 3.7% of Clough Capital Partners L P’s investment portfolio, making the stock its 4th largest position. Clough Capital Partners L P’s holdings in Alphabet were worth $42,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robinson Smith Wealth Advisors LLC boosted its position in Alphabet by 1.8% during the third quarter. Robinson Smith Wealth Advisors LLC now owns 2,070 shares of the information services provider’s stock worth $504,000 after acquiring an additional 36 shares during the last quarter. Searle & CO. grew its stake in Alphabet by 0.6% in the 3rd quarter. Searle & CO. now owns 5,703 shares of the information services provider’s stock worth $1,389,000 after acquiring an additional 36 shares during the period. Navellier & Associates Inc. raised its holdings in Alphabet by 0.6% in the 3rd quarter. Navellier & Associates Inc. now owns 5,846 shares of the information services provider’s stock valued at $1,424,000 after acquiring an additional 36 shares during the last quarter. BankPlus Wealth Management LLC lifted its stake in shares of Alphabet by 1.2% during the 3rd quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider’s stock worth $766,000 after purchasing an additional 37 shares during the period. Finally, Activest Wealth Management lifted its stake in shares of Alphabet by 0.5% during the 3rd quarter. Activest Wealth Management now owns 7,997 shares of the information services provider’s stock worth $1,948,000 after purchasing an additional 38 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $306.73, for a total transaction of $184,038.00. Following the completion of the sale, the director owned 20,624 shares of the company’s stock, valued at approximately $6,325,999.52. This represents a 2.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 955 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the sale, the chief accounting officer directly owned 9,918 shares of the company’s stock, valued at $2,955,564. The trade was a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,076,615 shares of company stock worth $107,809,111. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Scotiabank reaffirmed an “outperform” rating and issued a $400.00 price objective (up from $375.00) on shares of Alphabet in a research report on Thursday, February 5th. Wedbush reiterated an “outperform” rating and set a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Cantor Fitzgerald reissued a “neutral” rating on shares of Alphabet in a research note on Tuesday, January 20th. BNP Paribas Exane began coverage on Alphabet in a report on Monday, November 24th. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $385.00 to $395.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of “Buy” and a consensus price target of $345.71.

Get Our Latest Analysis on GOOG

Alphabet Trading Down 0.6%

Shares of GOOG opened at $301.46 on Monday. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $350.15. The firm has a market capitalization of $3.65 trillion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $319.36 and its 200 day simple moving average is $290.90.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.15 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is presently 7.77%.

Alphabet Company Profile

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

Featured Stories

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.