Tokio Marine Asset Management Co. Ltd. Has $45.31 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its holdings in Alphabet Inc. by 2.8%, owning 290,000 shares valued at approximately $45.3 million, making it the firm's 12th largest position.
• Alphabet's CEO, Sundar Pichai, recently sold 32,500 shares worth nearly $5.8 million, reflecting a 1.25% decrease in his ownership of the stock.
• The company's quarterly earnings report revealed an EPS of $2.31, exceeding estimates, and a revenue of $96.43 billion, a 13.8% year-over-year increase.

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,000 shares of the information services provider's stock after purchasing an additional 7,793 shares during the quarter. Alphabet accounts for approximately 1.6% of Tokio Marine Asset Management Co. Ltd.'s holdings, making the stock its 12th biggest position. Tokio Marine Asset Management Co. Ltd.'s holdings in Alphabet were worth $45,307,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Alphabet by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider's stock worth $64,299,725,000 after purchasing an additional 9,687,855 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Alphabet by 9.9% during the 1st quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider's stock worth $15,971,861,000 after purchasing an additional 9,243,959 shares in the last quarter. Capital International Investors increased its position in shares of Alphabet by 6.7% during the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock worth $17,376,706,000 after purchasing an additional 5,758,244 shares in the last quarter. Northern Trust Corp increased its position in shares of Alphabet by 16.1% during the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock worth $10,873,751,000 after purchasing an additional 7,917,625 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Alphabet by 0.8% during the 4th quarter. Capital Research Global Investors now owns 39,148,500 shares of the information services provider's stock worth $7,455,571,000 after purchasing an additional 294,556 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of recent analyst reports. Susquehanna reiterated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Barclays reissued a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Citizens Jmp raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 26th. Roth Capital reissued a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, Rosenblatt Securities raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $215.19.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on 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 transaction, the chief executive officer owned 2,559,892 shares of the company's stock, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 23,820 shares of the stock in a transaction 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 transaction, the insider owned 42,999 shares of the company's stock, valued at $8,371,905.30. The trade was a 35.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 274,819 shares of company stock valued at $49,796,547. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 0.5%

NASDAQ GOOG traded up $1.09 during trading on Friday, reaching $204.91. 21,093,519 shares of the stock traded hands, compared to its average volume of 23,996,693. The firm has a market cap of $2.48 trillion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The stock's 50-day moving average price is $184.61 and its 200 day moving average price is $174.82. 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 fifty-two week low of $142.66 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.67 billion. During the same quarter in the previous year, the company earned $1.89 earnings per share. The business's revenue for the quarter was up 13.8% on a year-over-year basis. Analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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 paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. Alphabet's payout ratio 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.