Triglav Skladi D.O.O. Sells 3,122 Shares of Alphabet Inc. $GOOGL

Key Points

• Triglav Skladi D.O.O. reduced its stake in Alphabet Inc. by 1.4%, holding 217,093 shares valued at approximately $33.57 million, making it the firm's 9th largest position.
• Alphabet recently declared a quarterly dividend of $0.21 per share, with an annual yield of 0.4%, to be paid on September 15th.
• Several institutional investors, including Vanguard and Price T Rowe Associates, increased their stakes in Alphabet, reflecting a growing confidence in the company.

Triglav Skladi D.O.O. lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,093 shares of the information services provider's stock after selling 3,122 shares during the quarter. Alphabet accounts for about 2.8% of Triglav Skladi D.O.O.'s investment portfolio, making the stock its 9th biggest holding. Triglav Skladi D.O.O.'s holdings in Alphabet were worth $33,568,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mystic Asset Management Inc. increased its position in Alphabet by 6.7% during the first quarter. Mystic Asset Management Inc. now owns 28,454 shares of the information services provider's stock valued at $4,400,000 after acquiring an additional 1,791 shares during the last quarter. Harbour Trust & Investment Management Co raised its stake in Alphabet by 0.3% in the first quarter. Harbour Trust & Investment Management Co now owns 27,075 shares of the information services provider's stock valued at $4,187,000 after buying an additional 80 shares during the last quarter. Rockbridge Capital Management LLC acquired a new stake in Alphabet during the 4th quarter worth about $3,119,000. Cypress Capital LLC lifted its position in Alphabet by 4.1% during the 1st quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider's stock worth $2,213,000 after acquiring an additional 563 shares during the period. Finally, Optivise Advisory Services LLC lifted its position in Alphabet by 8.0% during the 4th quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider's stock worth $1,035,000 after acquiring an additional 403 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on GOOGL. Tigress Financial lifted their price target on Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, April 30th. Westpark Capital lifted their price target on Alphabet from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday. Citizens Jmp raised Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 price target for the company in a research report on Friday, June 27th. Finally, Wedbush lifted their price target on Alphabet from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $211.53.

Alphabet Price Performance

Shares of Alphabet stock traded up $0.5420 on Thursday, hitting $199.8620. 10,988,402 shares of the company were exchanged, compared to its average volume of 36,272,508. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 1.36 and a beta of 1.01. The company has a 50-day moving average price of $185.70 and a 200 day moving average price of $173.38. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96,428,000 billion for the quarter, compared to analysts' expectations of $93.60 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's payout ratio is currently 8.95%.

Insider Activity at Alphabet

In other news, Director Kavitark Ram Shriram sold 15,000 shares of Alphabet stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the completion of the sale, the director directly owned 240,400 shares in the company, valued at approximately $44,656,704. This trade represents a 5.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the sale, the insider owned 42,999 shares of the company's stock, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,219 shares of company stock valued at $40,725,772 in the last 90 days. Insiders own 11.64% of the company's stock.

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.