Fiera Capital Corp Has $3.03 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Fiera Capital Corp decreased its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,465 shares of the information services provider’s stock after selling 975 shares during the quarter. Fiera Capital Corp’s holdings in Alphabet were worth $3,025,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Bruce G. Allen Investments LLC acquired a new position in Alphabet in the fourth quarter worth about $26,000. Partnership Wealth Management LLC acquired a new position in shares of Alphabet in the 4th quarter worth approximately $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet during the 4th quarter worth approximately $28,000. Buck Wealth Strategies LLC acquired a new stake in Alphabet in the 3rd quarter valued at $32,000. Finally, Barometer Capital Management Inc. bought a new stake in Alphabet in the third quarter valued at $32,000. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the completion of the sale, the chief executive officer now directly owns 2,258,011 shares of the company’s stock, valued at $391,132,665.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider John Kent Walker sold 48,076 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total value of $6,836,407.20. Following the sale, the insider now directly owns 12,725 shares in the company, valued at approximately $1,809,495. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the transaction, the chief executive officer now owns 2,258,011 shares of the company’s stock, valued at approximately $391,132,665.42. The disclosure for this sale can be found here. Insiders have sold a total of 276,511 shares of company stock worth $41,234,695 over the last 90 days. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on GOOG

Alphabet Price Performance

Shares of GOOG stock traded up $1.86 during trading hours on Friday, reaching $177.29. 16,535,358 shares of the company were exchanged, compared to its average volume of 22,282,695. Alphabet Inc. has a fifty-two week low of $115.83 and a fifty-two week high of $177.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The stock’s fifty day moving average is $158.64 and its two-hundred day moving average is $146.41. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 1.30 and a beta of 1.02.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 EPS. Sell-side analysts forecast that Alphabet Inc. will post 7.66 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 10th.

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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