Alphabet Inc. (NASDAQ:GOOG) Shares Sold by General Pension Society PZU Joint Stock Co

General Pension Society PZU Joint Stock Co lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,200 shares of the information services provider's stock after selling 3,500 shares during the period. Alphabet makes up 7.0% of General Pension Society PZU Joint Stock Co's portfolio, making the stock its 6th biggest position. General Pension Society PZU Joint Stock Co's holdings in Alphabet were worth $20,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet during the fourth quarter worth about $27,000. LSV Asset Management purchased a new stake in shares of Alphabet during the 4th quarter valued at about $27,000. WealthTrak Capital Management LLC acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. purchased a new position in Alphabet in the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC purchased a new position in Alphabet in the 4th quarter worth approximately $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 9,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $1,575,000.00. Following the sale, the director now owns 255,400 shares in the company, valued at $44,695,000. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,270 shares of company stock valued at $26,553,563. Company insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent research reports. KeyCorp reduced their target price on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price target on Alphabet from $180.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Westpark Capital restated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research note on Friday, April 25th. UBS Group cut their price target on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Susquehanna reissued a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.88.

Alphabet Stock Performance

Shares of NASDAQ:GOOG traded down $2.66 during trading hours on Tuesday, hitting $167.71. The stock had a trading volume of 25,313,421 shares, compared to its average volume of 20,277,560. The stock's fifty day simple moving average is $160.95 and its 200 day simple moving average is $176.24. The firm has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the company posted $1.89 EPS. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's dividend payout ratio (DPR) is 9.36%.

Alphabet Company 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.