Alphabet Inc. (NASDAQ:GOOG) Holdings Lessened by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,632,880 shares of the information services provider's stock after selling 126,900 shares during the quarter. Alphabet comprises about 2.0% of Mn Services Vermogensbeheer B.V.'s holdings, making the stock its 8th largest holding. Mn Services Vermogensbeheer B.V.'s holdings in Alphabet were worth $255,105,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in GOOG. Principia Wealth Advisory LLC lifted its holdings in shares of Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after acquiring an additional 85 shares during the last quarter. LSV Asset Management purchased a new position in shares of Alphabet in the fourth quarter valued at approximately $27,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet in the fourth quarter valued at approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC purchased a new stake in Alphabet during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Buying and Selling at Alphabet

In other Alphabet 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 completion of the sale, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $168.71, for a total value of $5,483,075.00. Following the transaction, the chief executive officer now owns 2,587,696 shares in the company, valued at $436,570,192.16. This trade represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 195,570 shares of company stock valued at $32,003,532. Corporate insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Scotiabank decreased their price target on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Susquehanna reiterated a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. UBS Group lowered their price target on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Cantor Fitzgerald restated a "neutral" rating and issued a $171.00 price target on shares of Alphabet in a research note on Friday, April 25th. Finally, Rosenblatt Securities upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $204.88.

Alphabet Stock Performance

NASDAQ:GOOG traded down $0.71 during mid-day trading on Tuesday, reaching $177.23. The stock had a trading volume of 17,459,815 shares, compared to its average volume of 20,511,727. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The business has a 50 day simple moving average of $165.19 and a 200 day simple moving average of $176.43. The firm has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.26 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The company had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. Alphabet's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share. On average, analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a dividend of $0.21 per share. 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 0.47%. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio is presently 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.