Deutsche Bank AG Cuts Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Deutsche Bank AG trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,064,965 shares of the information services provider's stock after selling 3,533,022 shares during the quarter. Alphabet comprises about 2.9% of Deutsche Bank AG's portfolio, making the stock its 4th biggest position. Deutsche Bank AG owned approximately 0.32% of Alphabet worth $7,394,998,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GOOGL. Compass Planning Associates Inc acquired a new position in Alphabet during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new position in shares of Alphabet in the 4th quarter worth $39,000. PayPay Securities Corp grew its position in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after purchasing an additional 65 shares during the period. Finally, Anderson Financial Strategies LLC bought a new stake in Alphabet during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Price Performance

Alphabet stock traded down $1.53 during midday trading on Friday, reaching $152.75. 32,365,483 shares of the stock were exchanged, compared to its average volume of 28,782,802. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. 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 firm has a market cap of $1.85 trillion, a PE ratio of 18.98, a PEG ratio of 1.34 and a beta of 1.01. The company's fifty day moving average is $158.93 and its 200-day moving average is $175.10.

Alphabet (NASDAQ:GOOGL - 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 return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter last year, the business posted $1.89 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.55%. Alphabet's payout ratio is presently 9.36%.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares of the company's stock, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 179,324 shares of company stock worth $30,153,353. Insiders own 11.64% of the company's stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of analyst reports. KeyCorp lifted their price objective on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. BMO Capital Markets reissued an "outperform" rating and set a $200.00 price objective (down from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Rosenblatt Securities dropped their target price on Alphabet from $205.00 to $189.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Susquehanna decreased their price target on Alphabet from $225.00 to $220.00 and set a "positive" rating for the company in a report on Friday, April 25th. Finally, Mizuho dropped their price objective on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $199.75.

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.