Mizuho Securities Co. Ltd. Has $60,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

Mizuho Securities Co. Ltd. lessened its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 83.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 390 shares of the information services provider's stock after selling 1,950 shares during the period. Alphabet makes up 0.7% of Mizuho Securities Co. Ltd.'s portfolio, making the stock its 26th biggest position. Mizuho Securities Co. Ltd.'s holdings in Alphabet were worth $60,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GOOGL. Macroview Investment Management LLC grew its stake in shares of Alphabet by 4.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after acquiring an additional 52 shares in the last quarter. Addison Advisors LLC boosted its holdings in Alphabet by 0.7% during the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after purchasing an additional 53 shares during the last quarter. Burt Wealth Advisors boosted its holdings in Alphabet by 1.0% during the fourth quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider's stock worth $1,005,000 after purchasing an additional 54 shares during the last quarter. Perritt Capital Management Inc increased its stake in Alphabet by 10.4% in the 4th quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider's stock valued at $117,000 after buying an additional 58 shares during the last quarter. Finally, Nia Impact Advisors LLC lifted its position in Alphabet by 0.3% during the 4th quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock worth $3,249,000 after buying an additional 59 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GOOGL shares. KeyCorp raised their price objective on Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. UBS Group set a $195.00 price target on Alphabet in a research note on Friday, April 25th. Roth Mkm reiterated a "buy" rating and set a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Mizuho cut their price objective on Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Tigress Financial boosted their target price on shares of Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and an average target price of $200.17.

Insider Activity

In related news, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at $2,377,014.99. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 11,764 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the transaction, the insider now owns 49,037 shares of the company's stock, valued at approximately $8,181,333.08. This represents a 19.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 228,070 shares of company stock worth $37,745,632. 11.64% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of GOOGL stock traded up $3.91 during trading on Wednesday, hitting $170.68. The company had a trading volume of 35,420,806 shares, compared to its average volume of 30,833,475. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The stock's 50-day moving average price is $165.45 and its 200 day moving average price is $174.58.

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, beating the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same period in the previous year, the firm earned $1.89 EPS. Equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were issued a $0.21 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, June 9th. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

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.