Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,632,187 shares of the information services provider’s stock after buying an additional 161,080 shares during the period. Alphabet makes up about 0.8% of Victory Capital Management Inc.’s portfolio, making the stock its 7th largest position. Victory Capital Management Inc.’s holdings in Alphabet were worth $793,744,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of GOOG. Tandem Wealth Advisors LLC bought a new stake in shares of Alphabet in the third quarter valued at $25,000. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet in the fourth quarter valued at $26,000. Equitec Proprietary Markets LLC bought a new stake in shares of Alphabet in the fourth quarter valued at $28,000. Buck Wealth Strategies LLC bought a new stake in shares of Alphabet in the third quarter valued at $32,000. Finally, Barometer Capital Management Inc. bought a new stake in shares of Alphabet in the third quarter valued at $32,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 2,100 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders sold a total of 275,129 shares of company stock worth $40,382,765 over the last ninety days. 12.99% of the stock is owned by corporate insiders.

Alphabet Price Performance

Alphabet stock opened at $165.57 on Thursday. Alphabet Inc. has a 52 week low of $104.50 and a 52 week high of $176.42. The business has a 50-day simple moving average of $150.52 and a 200 day simple moving average of $143.31. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.06 trillion, a price-to-earnings ratio of 25.39, a PEG ratio of 1.23 and a beta of 1.02.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. On average, research analysts forecast that Alphabet Inc. will post 7.66 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley restated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Stifel Nicolaus lifted their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer lifted their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Raymond James lifted their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Susquehanna lifted their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $165.67.

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.