Banco Bilbao Vizcaya Argentaria S.A. Has $169.60 Million Stock Holdings in Alphabet Inc. $GOOG

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,085,437 shares of the information services provider's stock after selling 10,715 shares during the period. Alphabet accounts for 1.7% of Banco Bilbao Vizcaya Argentaria S.A.'s investment portfolio, making the stock its 10th biggest position. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Alphabet were worth $169,603,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOG. Brighton Jones LLC boosted its position in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after buying an additional 6,410 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of Alphabet by 4.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider's stock worth $96,465,000 after buying an additional 20,855 shares during the period. Wealth Dimensions Group Ltd. boosted its position in shares of Alphabet by 16.8% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 12,513 shares of the information services provider's stock worth $2,383,000 after buying an additional 1,799 shares during the period. Stifel Financial Corp boosted its position in shares of Alphabet by 2.4% during the fourth quarter. Stifel Financial Corp now owns 3,535,678 shares of the information services provider's stock worth $673,344,000 after buying an additional 84,059 shares during the period. Finally, Fayez Sarofim & Co boosted its position in shares of Alphabet by 9.5% during the fourth quarter. Fayez Sarofim & Co now owns 7,654,196 shares of the information services provider's stock worth $1,470,203,000 after buying an additional 664,132 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 3.0%

Shares of NASDAQ GOOG traded up $6.10 during mid-day trading on Friday, reaching $206.72. The company had a trading volume of 25,563,233 shares, compared to its average volume of 23,714,121. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $209.23. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $2.50 trillion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. The stock's 50 day moving average is $187.09 and its 200-day moving average is $174.87.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $93.67 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The business's quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Activity

In other Alphabet news, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the sale, the insider owned 42,999 shares of the company's stock, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 15,000 shares of Alphabet stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the transaction, the director directly owned 240,400 shares in the company, valued at approximately $44,656,704. This represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,719 shares of company stock worth $47,223,172. Corporate insiders own 12.99% of the company's stock.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of research analyst reports. Susquehanna restated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Needham & Company LLC downgraded Alphabet from a "buy" rating to a "cautious" rating in a research report on Friday, May 2nd. Wells Fargo & Company restated an "equal weight" rating on shares of Alphabet in a research report on Wednesday, July 9th. Lake Street Capital reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Cowen reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Five equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $215.19.

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.