Marco Investment Management LLC Boosts Stake in Alphabet Inc.

Marco Investment Management LLC has increased its investment in Alphabet Inc. (NASDAQ:GOOGL) by 6.9% during the fourth quarter, according to their latest Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now holds 87,179 shares of Alphabet after purchasing an additional 5,655 shares during the specified period. This investment represents 1.4% of Marco Investment Management's total portfolio, making Alphabet its 23rd largest investment. The value of Marco's holdings in Alphabet was approximately $16,503,000 at the time of the filing.

Recent Stake Changes by Other Investors

In addition to Marco Investment Management, several other hedge funds have also adjusted their positions in Alphabet. Compass Planning Associates Inc. entered a new investment in Alphabet shares valued at $30,000 during the fourth quarter. LMR Partners LLP also took a new position in Alphabet valued at $32,000 in the third quarter. Meanwhile, E Fund Management Hong Kong Co. Ltd. significantly raised its stake in Alphabet by 518.8% in the fourth quarter, acquiring a total of 198 shares valued at $37,000. Additionally, Fiduciary Advisors Inc. bought a new position in Alphabet worth $39,000 in the fourth quarter. PayPay Securities Corp. increased its stake by 36.1%, adding an additional 65 shares to now hold 245 shares valued at $46,000. Overall, institutional investors and hedge funds now own about 40.03% of Alphabet's stock.

Insider Trading Activity at Alphabet

In other developments, insider John Kent Walker sold 16,820 shares of Alphabet on December 30th, fetching an average price of $192.62 per share, resulting in a total value of $3,239,868.40. After this sale, he retained 43,981 shares, valued at around $8,471,620.22, which marks a 27.66% decrease in his ownership. This transaction was publicly disclosed via documentation filed with the SEC. Similarly, CAO Amie Thuener O'Toole sold 1,340 shares on February 3rd at an average price of $202.08, for a total of $270,787.20, reducing her position by 6.98%. In the last three months, insiders have sold 93,048 shares of Alphabet, totaling $17,374,274. Currently, insiders own approximately 11.55% of the company's stock.

Current Performance of Alphabet Stock

Alphabet's stock saw an uptick of 2% recently, opening at $163.89. Over the past year, it has fluctuated between a low of $146.74 and a high of $207.05. Alphabet boasts a market capitalization of $2.00 trillion, with a PE ratio of 20.36 and a price-to-earnings-growth ratio of 1.34. The stock's beta stands at 1.02. Its 50-day and 200-day moving averages are $183.75 and $176.47, respectively, indicating a strong performance lately. Additionally, Alphabet's debt-to-equity ratio is a low 0.03, with both its quick and current ratios at 1.84.

Latest Earnings and Dividend Information

Alphabet recently announced its earnings results on February 4th, reporting earnings per share of $2.15, surpassing the analysts' expectations of $2.12 by $0.03. The company's net margin stands at 28.60%, and it achieved a return on equity of 32.49%. Analysts anticipate that Alphabet will post an EPS of 8.9 for the current fiscal year. Alphabet also declared a quarterly dividend, with shareholders receiving $0.20 on March 17th. This equates to an annualized dividend of $0.80, yielding 0.49%, and the payout ratio is at 9.94%.

Analyst Recommendations for Alphabet

Several research firms have recently assessed Alphabet's stock. Cantor Fitzgerald reiterated a "neutral" rating, establishing a price target of $200.00. Needham & Company LLC maintained a "buy" rating with a target price of $225.00, while Robert W. Baird also reaffirmed an "outperform" rating with a $205.00 target price. Citigroup reduced its target from $232.00 to $229.00 but retained a "buy" rating. Overall, the consensus among ten investment analysts is that Alphabet holds a "Moderate Buy" rating, with a target price averaging $210.59. Many analysts have a positive outlook, suggesting that the stock remains a solid investment moving forward.

Overview of Alphabet Inc.

Alphabet Inc. is well-known for its diverse range of products and platforms operating across several regions including the United States, Europe, and Asia. The company operates through segments such as Google Services, Google Cloud, and Other Bets, offering a variety of products including search, advertising, and cloud computing services.

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