GMT Capital Corp Has $78.74 Million Holdings in Alphabet Inc. $GOOG

GMT Capital Corp decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 443,900 shares of the information services provider’s stock after selling 20,900 shares during the quarter. Alphabet makes up about 3.3% of GMT Capital Corp’s investment portfolio, making the stock its 13th biggest holding. GMT Capital Corp’s holdings in Alphabet were worth $78,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Brighton Jones LLC boosted its stake in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after buying an additional 6,410 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its position in shares of Alphabet by 4.0% in the first quarter. Nicholas Hoffman & Company LLC. now owns 25,146 shares of the information services provider’s stock valued at $3,929,000 after acquiring an additional 976 shares during the last quarter. Boston Partners raised its holdings in Alphabet by 7.5% during the first quarter. Boston Partners now owns 18,582 shares of the information services provider’s stock worth $2,903,000 after acquiring an additional 1,292 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in Alphabet by 49.0% during the first quarter. Vestmark Advisory Solutions Inc. now owns 23,889 shares of the information services provider’s stock valued at $3,732,000 after purchasing an additional 7,856 shares during the last quarter. Finally, Fox Run Management L.L.C. grew its stake in Alphabet by 31.4% in the first quarter. Fox Run Management L.L.C. now owns 4,961 shares of the information services provider’s stock valued at $775,000 after purchasing an additional 1,185 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOG stock opened at $310.52 on Friday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $328.67. The company has a market capitalization of $3.75 trillion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.82 and a beta of 1.07. The company has a 50-day simple moving average of $283.75 and a 200 day simple moving average of $229.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The firm had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. During the same period in the prior year, the firm earned $2.12 EPS. The business’s revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GOOG shares. BNP Paribas assumed coverage on Alphabet in a research note on Monday, November 24th. They set an “outperform” rating on the stock. KeyCorp reaffirmed an “overweight” rating and set a $330.00 price target on shares of Alphabet in a research report on Thursday, October 30th. Raymond James Financial set a $275.00 price target on shares of Alphabet and gave the company an “outperform” rating in a research note on Friday, October 24th. Mizuho set a $325.00 price objective on shares of Alphabet in a research note on Thursday, October 30th. Finally, Hsbc Global Res raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of “Buy” and an average price target of $313.04.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $319.50, for a total value of $10,383,750.00. Following the completion of the sale, the chief executive officer owned 2,272,119 shares of the company’s stock, valued at approximately $725,942,020.50. The trade was a 1.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 102 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $317.66, for a total transaction of $32,401.32. Following the completion of the transaction, the director owned 18,104 shares in the company, valued at $5,750,916.64. This trade represents a 0.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 228,906 shares of company stock valued at $62,127,158. Company insiders own 12.99% of the company’s stock.

About Alphabet

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.