Alphabet Inc. $GOOGL Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its holdings in Alphabet Inc. by 4.5%, now owning approximately 8.57 million shares valued at around $1.51 billion, making it the firm's 6th largest position.
• Alphabet reported a quarterly earnings per share of $2.31, surpassing expectations and achieving a net margin of 31.12% along with revenues of $96.43 billion.
• The company recently declared a quarterly dividend of $0.21, representing an annual yield of 0.3%, and has a dividend payout ratio of 8.95%.

Robeco Institutional Asset Management B.V. raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,573,799 shares of the information services provider's stock after purchasing an additional 372,619 shares during the period. Alphabet accounts for approximately 2.4% of Robeco Institutional Asset Management B.V.'s holdings, making the stock its 6th biggest position. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Alphabet worth $1,510,961,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guardian Wealth Management Inc. raised its position in shares of Alphabet by 242.9% during the 1st 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 in the last quarter. IMA Advisory Services Inc. bought a new stake in shares of Alphabet during the 1st quarter worth about $28,000. von Borstel & Associates Inc. bought a new stake in shares of Alphabet during the 1st quarter worth about $28,000. NBZ Investment Advisors LLC raised its position in shares of Alphabet by 85.7% during the 1st 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 in the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Alphabet during the 1st quarter worth about $39,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Down 0.5%

NASDAQ GOOGL opened at $244.62 on Thursday. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $256.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $2.96 trillion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.66 and a beta of 1.00. The firm's 50 day moving average price is $224.37 and its two-hundred day moving average price is $187.53.

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

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 8th. Alphabet's dividend payout ratio is currently 8.95%.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research report on Wednesday. Jefferies Financial Group increased their target price on shares of Alphabet from $230.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. UBS Group increased their target price on shares of Alphabet from $192.00 to $202.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Robert W. Baird increased their target price on shares of Alphabet from $215.00 to $275.00 and gave the company an "outperform" rating in a research note on Monday, September 22nd. Finally, Wolfe Research increased their target price on shares of Alphabet from $220.00 to $290.00 in a research note on Tuesday, September 30th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus target price of $242.98.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the sale, the director directly owned 243,400 shares of the company's stock, valued at $45,213,984. The trade was a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the sale, the insider directly owned 42,999 shares of the company's stock, valued at $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 276,738 shares of company stock worth $59,135,475. 11.64% of the stock is currently owned by company insiders.

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.

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