Van Lanschot Kempen Investment Management N.V. Reduces Holdings in Alphabet Inc. $GOOGL

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its Alphabet Inc. holdings by 1.6% in the first quarter, now owning approximately 2,784,011 shares worth $430.5 million, making it the firm's second largest position.
• Alphabet recently announced a quarterly dividend of $0.21 per share, with an ex-dividend date of September 8 and an annualized yield of 0.4%.
• The company reported a quarterly earnings per share of $2.31, exceeding consensus estimates, with total revenue reaching $96.43 billion compared to the expected $93.6 billion.

Van Lanschot Kempen Investment Management N.V. lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,784,011 shares of the information services provider's stock after selling 46,140 shares during the period. Alphabet makes up about 4.5% of Van Lanschot Kempen Investment Management N.V.'s portfolio, making the stock its 2nd largest holding. Van Lanschot Kempen Investment Management N.V.'s holdings in Alphabet were worth $430,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nia Impact Advisors LLC lifted its stake in Alphabet by 0.3% in the 4th quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock valued at $3,249,000 after purchasing an additional 59 shares during the last quarter. Enzi Wealth lifted its stake in Alphabet by 2.5% in the 1st quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock valued at $408,000 after purchasing an additional 62 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in Alphabet by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 5,438 shares of the information services provider's stock valued at $817,000 after purchasing an additional 67 shares during the last quarter. Aspire Capital Advisors LLC lifted its stake in Alphabet by 1.0% in the 1st quarter. Aspire Capital Advisors LLC now owns 7,020 shares of the information services provider's stock valued at $1,086,000 after purchasing an additional 67 shares during the last quarter. Finally, Rainey & Randall Wealth Advisors Inc. lifted its stake in Alphabet by 2.1% in the 1st quarter. Rainey & Randall Wealth Advisors Inc. now owns 3,209 shares of the information services provider's stock valued at $496,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $203.79, for a total value of $122,274.00. Following the transaction, the director directly owned 6,316 shares of the company's stock, valued at approximately $1,287,137.64. This trade represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 15,000 shares of the firm's stock in a transaction 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 transaction, the director directly owned 240,400 shares in the company, valued at $44,656,704. This trade represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 254,719 shares of company stock valued at $47,223,172. Company insiders own 11.64% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the subject of several research reports. Loop Capital reissued a "hold" rating and issued a $190.00 price objective (up previously from $165.00) on shares of Alphabet in a research note on Tuesday, August 5th. UBS Group increased their price objective 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. Guggenheim increased their price objective on shares of Alphabet from $190.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Stifel Nicolaus increased their price objective on shares of Alphabet from $200.00 to $218.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, BNP Paribas Exane reissued a "neutral" rating and issued a $172.00 price objective on shares of Alphabet in a research note on Friday, June 27th. Four equities research 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's stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $211.53.

Alphabet Trading Up 0.2%

NASDAQ GOOGL traded up $0.34 on Wednesday, hitting $207.48. The company's stock had a trading volume of 22,957,401 shares, compared to its average volume of 30,314,084. 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 Inc. has a 1-year low of $140.53 and a 1-year high of $210.52. The company's 50-day moving average is $188.75 and its 200 day moving average is $173.75. The firm has a market cap of $2.51 trillion, a PE ratio of 22.10, a PEG ratio of 1.39 and a beta of 1.01.

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 company had revenue of $96,428,000 billion during the quarter, compared to analysts' expectations of $93.60 billion. As a group, analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared 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 is Monday, September 8th. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

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.