Business Insights and Market Implications Analysis

Key Investment Activities

• Silver Coast Investments LLC: Increased holdings in Alphabet Inc. by 20.5% in Q4, acquiring 628 additional shares. Total holdings reached 3,698 shares, valued at $700,000.
• Compass Planning Associates Inc: Acquired a new stake worth $30,000 in Alphabet during Q4.
• LMR Partners LLP: Purchased a new position worth $32,000 in Alphabet during the 3rd quarter.
• E Fund Management Hong Kong Co. Ltd: Increased stake by 518.8%, now owning 198 shares valued at $37,000 after adding 166 shares in Q4.
• Fiduciary Advisors Inc: Acquired a new stake valued at $39,000 in Alphabet during Q4.
• PayPay Securities Corp: Raised its stake by 36.1%, now owning 245 shares worth $46,000 after adding 65 shares in Q4.

Institutional Ownership

• Institutional ownership: 40.03% of Alphabet’s stock is owned by institutional investors.

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Analyst Ratings and Price Targets

• Morgan Stanley: Lowered price target from $215.00 to $210.00, maintained “overweight” rating.
• Needham & Company LLC: Reiterated “buy” rating, set price target at $225.00.
• DA Davidson: Raised price target from $190.00 to $200.00, maintained “neutral” rating.
• Bank of America: Reiterated “buy” rating, set price target at $210.00.
• Piper Sandler: Lowered price target from $210.00 to $208.00, maintained “overweight” rating.
• Consensus Rating: “Moderate Buy” with an average price target of $210.62.

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Alphabet’s Stock Performance

• Opening Price: $165.49 on Monday.
• 50-day Moving Average: $185.70.
• 200-day Moving Average: $176.56.
• 12-month Low: $140.03.
• 12-month High: $207.05.
• Quick Ratio: 1.84.
• Current Ratio: 1.84.
• Debt-to-Equity Ratio: 0.03.
• Market Capitalization: $2.02 trillion.
• P/E Ratio: 20.56.
• PEG Ratio: 1.34.
• Beta: 1.02.

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Earnings and Dividend Information

• Q4 Earnings: Alphabet reported $2.15 EPS, beating estimates of $2.12.
• Net Margin: 28.60%.
• Return on Equity (ROE): 32.49%.
• Dividend Announcement:
  • Quarterly dividend of $0.20 per share, payable on March 17, 2024.
  • Annualized dividend: $0.80.
  • Dividend Yield: 0.48%.
  • Dividend Payout Ratio (DPR): 9.94%.

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Insider Trading

• CAO Sale: Sold 1,374 shares at an average price of $173.47, total value $238,347.78. Ownership decreased by 8.38% to 15,024 shares.
• Director John L. Hennessy Sale: Sold 200 shares at an average price of $165.53, total value $33,106.00. Ownership decreased by 2.50% to 7,813 shares.
• Total Insider Sales: 93,048 shares worth $17,374,274 in the last quarter.
• Insider Ownership: 11.55%.

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Alphabet Company Overview

• Segments: Google Services, Google Cloud, and Other Bets.
• Products/Services: Ads, Android, Chrome, Devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, YouTube.

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Key Takeaways:

• Alphabet continues to attract significant institutional investment, with multiple hedge funds increasing their stakes in Q4.
• The company’s stock performance and earnings indicate strong financial health, supported by a robust market position.
• Mixed analyst ratings suggest moderate optimism, with price targets reflecting potential upside.
• Insider sales indicate cautious optimism among top executives, though overall insider ownership remains substantial.