Alphabet Inc. (NASDAQ:GOOGL) Position Lifted by Achmea Investment Management B.V.

Achmea Investment Management B.V. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 910,749 shares of the information services provider's stock after acquiring an additional 61,780 shares during the period. Alphabet accounts for approximately 2.1% of Achmea Investment Management B.V.'s portfolio, making the stock its 6th biggest position. Achmea Investment Management B.V.'s holdings in Alphabet were worth $140,839,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Compass Planning Associates Inc purchased a new position in shares of Alphabet during the 4th quarter worth $30,000. Anderson Financial Strategies LLC purchased a new stake in Alphabet in the 4th quarter valued at about $49,000. Navigoe LLC purchased a new stake in Alphabet in the 4th quarter valued at about $51,000. Prudent Man Investment Management Inc. purchased a new stake in Alphabet in the 4th quarter valued at about $53,000. Finally, Campbell Capital Management Inc. purchased a new stake in Alphabet in the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 600 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $105,000.00. Following the transaction, the director owned 6,813 shares of the company's stock, valued at $1,192,275. This represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $170.87, for a total value of $5,553,275.00. Following the transaction, the chief executive officer directly owned 2,620,196 shares in the company, valued at $447,712,890.52. This represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,143 shares of company stock valued at $30,529,028 over the last quarter. Company insiders own 11.64% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Bank of America boosted their price objective on shares of Alphabet from $185.00 to $200.00 and gave the company a "buy" rating in a report on Friday, April 25th. Susquehanna reduced their price objective on shares of Alphabet from $225.00 to $220.00 and set a "positive" rating on the stock in a report on Friday, April 25th. Cantor Fitzgerald restated a "neutral" rating and issued a $171.00 price objective on shares of Alphabet in a report on Wednesday, June 25th. BNP Paribas Exane restated a "neutral" rating and issued a $172.00 price objective on shares of Alphabet in a report on Friday, June 27th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $199.95.

Alphabet Price Performance

Alphabet stock opened at $178.64 on Thursday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. The business has a 50 day simple moving average of $167.96 and a 200-day simple moving average of $174.20. The stock has a market capitalization of $2.17 trillion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 1.24 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The firm had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. Equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is currently 9.36%.

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.

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