Alphabet Inc. $GOOGL Stock Holdings Decreased by Atmos Capital Gestao DE Recursos LTDA.

Key Points

• Atmos Capital Gestao DE Recursos LTDA. reduced its holdings in Alphabet Inc. by 1.6%, owning 263,446 shares valued at approximately $40.7 million after selling 4,349 shares.
• Recent institutional investment activities include Nuveen LLC acquiring a new position worth over $4.3 billion, and GAMMA Investing LLC increasing its stake by an astounding 16,993.2%.
• Alphabet declared a quarterly dividend of $0.21 per share, with an annualized dividend of $0.84, representing a yield of 0.4% as of the record date of September 8th.

Atmos Capital Gestao DE Recursos LTDA. lowered 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,446 shares of the information services provider's stock after selling 4,349 shares during the period. Alphabet accounts for approximately 8.6% of Atmos Capital Gestao DE Recursos LTDA.'s portfolio, making the stock its 5th largest position. Atmos Capital Gestao DE Recursos LTDA.'s holdings in Alphabet were worth $40,739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Nuveen LLC acquired a new position in shares of Alphabet during the first quarter worth $4,317,606,000. GAMMA Investing LLC grew its stake in shares of Alphabet by 16,993.2% during the first quarter. GAMMA Investing LLC now owns 16,062,457 shares of the information services provider's stock worth $2,483,898,000 after purchasing an additional 15,968,487 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Alphabet by 2.9% during the first quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider's stock worth $78,839,544,000 after purchasing an additional 14,307,345 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Alphabet by 307.6% during the first quarter. Assenagon Asset Management S.A. now owns 10,302,644 shares of the information services provider's stock worth $1,593,201,000 after purchasing an additional 7,774,811 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Alphabet during the fourth quarter worth $1,375,509,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 23,820 shares of Alphabet 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 transaction, the insider directly owned 42,999 shares in the company, valued at $8,371,905.30. The trade was a 35.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 15,000 shares of Alphabet stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $2,786,400.00. Following the transaction, the director owned 240,400 shares of the company's stock, valued at $44,656,704. This represents a 5.87% 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 $49,208,380 in the last 90 days. Insiders own 11.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GOOGL shares. Rosenblatt Securities upped their price objective on shares of Alphabet from $191.00 to $224.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Wells Fargo & Company upped their price objective on shares of Alphabet from $184.00 to $187.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Piper Sandler upped their price objective on shares of Alphabet from $195.00 to $220.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. BMO Capital Markets upped their price objective on shares of Alphabet from $208.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, JMP Securities upped their price objective on shares of Alphabet from $225.00 to $250.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 3rd. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $221.44.

Alphabet Price Performance

Shares of GOOGL opened at $234.04 on Tuesday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $238.13. The company has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. The firm has a 50-day simple moving average of $196.95 and a 200-day simple moving average of $175.73. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

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

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

About Alphabet

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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