OMERS ADMINISTRATION Corp Has $269.36 Million Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• OMERS ADMINISTRATION Corp reduced its holdings in Alphabet Inc. by 33.4% during Q1, owning 1,741,834 shares after selling 874,009 shares, which makes Alphabet its 9th largest position.
• Insider John Kent Walker sold 23,820 shares for over $4.6 million, representing a 35.65% decrease in his ownership, while insiders collectively sold 254,608 shares worth approximately $47.2 million in the last 90 days.
• Alphabet recently declared a $0.21 quarterly dividend, with a dividend yield of 0.4%, as well as strong Q2 earnings, reporting $2.31 EPS compared to an estimate of $2.15.

OMERS ADMINISTRATION Corp lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 33.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,741,834 shares of the information services provider's stock after selling 874,009 shares during the quarter. Alphabet comprises 2.4% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 9th largest holding. OMERS ADMINISTRATION Corp's holdings in Alphabet were worth $269,357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of GOOGL. Guardian Wealth Management Inc. lifted its holdings in shares of Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock worth $26,000 after buying an additional 119 shares during the last quarter. von Borstel & Associates Inc. acquired a new position in shares of Alphabet during the first quarter worth approximately $28,000. IMA Advisory Services Inc. acquired a new position in shares of Alphabet during the first quarter worth approximately $28,000. NBZ Investment Advisors LLC lifted its holdings in shares of Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock worth $30,000 after buying an additional 90 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of Alphabet during the first quarter worth approximately $39,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 23,820 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares in the company, valued at approximately $8,371,905.30. This trade represents a 35.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total value of $5,801,900.00. Following the completion of the transaction, the chief executive officer owned 2,559,892 shares of the company's stock, valued at $456,991,919.84. This represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 254,710 shares of company stock valued at $47,225,230 over the last three months. Company insiders own 11.55% of the company's stock.

Alphabet Price Performance

NASDAQ:GOOGL traded up $1.27 during trading hours on Monday, hitting $212.91. The company's stock had a trading volume of 39,702,089 shares, compared to its average volume of 29,138,272. The stock has a fifty day simple moving average of $190.44 and a 200-day simple moving average of $173.96. The company has a market capitalization of $2.57 trillion, a P/E ratio of 22.67, a PEG ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $214.65.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. On average, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a $0.21 dividend. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.4%. Alphabet's dividend payout ratio (DPR) is currently 8.95%.

Analyst Ratings Changes

A number of research analysts recently commented on GOOGL shares. Barclays upped their target price on Alphabet from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Bank of America raised their target price on Alphabet from $210.00 to $217.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Susquehanna lifted their target price on Alphabet from $220.00 to $225.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. Finally, Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, August 21st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $211.53.

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.