Jump Financial LLC Raises Position in Alphabet Inc. (NASDAQ:GOOG)

Jump Financial LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 45.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,526 shares of the information services provider’s stock after purchasing an additional 14,229 shares during the quarter. Jump Financial LLC’s holdings in Alphabet were worth $8,670,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GOOG. Norges Bank bought a new position in Alphabet during the fourth quarter valued at $5,166,070,000. Raymond James Financial Inc. bought a new position in Alphabet during the 4th quarter valued at about $1,551,533,000. GQG Partners LLC grew its holdings in Alphabet by 181,679.1% during the 4th quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider’s stock valued at $1,376,066,000 after purchasing an additional 7,221,746 shares during the last quarter. Proficio Capital Partners LLC raised its position in Alphabet by 5,712.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,367,831 shares of the information services provider’s stock worth $831,810,000 after purchasing an additional 4,292,689 shares during the period. Finally, Sanders Capital LLC lifted its stake in Alphabet by 14.5% in the fourth quarter. Sanders Capital LLC now owns 33,504,543 shares of the information services provider’s stock worth $6,380,605,000 after purchasing an additional 4,247,379 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares of the company’s stock, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,663 shares of company stock worth $20,286,447 over the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 1.7 %

NASDAQ GOOG opened at $158.68 on Wednesday. The firm has a market cap of $1.93 trillion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of $169.17 and a 200 day moving average price of $177.83.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.50%. Alphabet’s payout ratio is 9.94%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group cut their target price on Alphabet from $209.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Scotiabank upped their price objective on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Westpark Capital began coverage on shares of Alphabet in a research report on Tuesday, April 1st. They issued a “buy” rating and a $210.00 price objective for the company. Finally, KeyCorp reduced their target price on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $208.71.

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.