66,598 Shares in Alphabet Inc. (NASDAQ:GOOG) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 66,598 shares of the information services provider's stock, valued at approximately $12,830,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at about $27,000. LSV Asset Management purchased a new position in Alphabet in the fourth quarter worth about $27,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $38,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 1.2%

NASDAQ GOOG traded up $2.03 during trading on Friday, reaching $167.43. 35,833,672 shares of the company's stock traded hands, compared to its average volume of 19,720,619. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $2.03 trillion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company's 50 day simple moving average is $160.19 and its two-hundred day simple moving average is $176.74. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. The company's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a $0.21 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is presently 9.36%.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,652,696 shares in the company, valued at approximately $413,555,306.40. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 2,824 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total transaction of $529,302.32. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares of the company's stock, valued at approximately $2,815,948.32. This represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 179,324 shares of company stock valued at $30,153,353. Insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GOOG shares. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush restated an "outperform" rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Rosenblatt Securities upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Tigress Financial reiterated a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. Finally, Westpark Capital restated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $203.94.

Alphabet Profile

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.