Ninepoint Partners LP Grows Position in Alphabet Inc. (NASDAQ:GOOG)

16 Mar 2025, 15:28 by Michael Walen · The Markets Daily

Ninepoint Partners LP raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 632.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,242 shares of the information services provider’s stock after purchasing an additional 4,526 shares during the quarter. Ninepoint Partners LP’s holdings in Alphabet were worth $998,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Swedbank AB lifted its holdings in shares of Alphabet by 0.6% in the third quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock worth $1,394,181,000 after buying an additional 51,226 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Alphabet by 2.5% in the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock worth $1,843,149,000 after buying an additional 264,962 shares in the last quarter. Seelaus Asset Management LLC lifted its holdings in shares of Alphabet by 48.4% in the third quarter. Seelaus Asset Management LLC now owns 9,194 shares of the information services provider’s stock worth $1,537,000 after buying an additional 3,000 shares in the last quarter. Evolution Wealth Advisors LLC lifted its holdings in shares of Alphabet by 1.3% in the third quarter. Evolution Wealth Advisors LLC now owns 57,865 shares of the information services provider’s stock worth $9,673,000 after buying an additional 760 shares in the last quarter. Finally, RIA Advisory Group LLC purchased a new stake in shares of Alphabet in the third quarter worth about $323,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

NASDAQ:GOOG opened at $167.62 on Friday. The firm has a market cap of $2.04 trillion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $141.13 and a fifty-two week high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The business has a 50 day moving average price of $187.41 and a 200-day moving average price of $178.00.

Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Oppenheimer increased their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush restated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $209.13.

Read Our Latest Stock Report on GOOG

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. This trade represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,882 shares of company stock valued at $17,934,130 over the last quarter. 12.99% of the stock is owned by company insiders.

About Alphabet

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