Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Has $45.43 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 54.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 238,526 shares of the information services provider's stock after purchasing an additional 83,659 shares during the quarter. Alphabet accounts for approximately 5.5% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s investment portfolio, making the stock its largest holding. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Alphabet were worth $45,425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Lantern Wealth Advisors LLC lifted its position in shares of Alphabet by 2.6% during the fourth quarter. Lantern Wealth Advisors LLC now owns 8,747 shares of the information services provider's stock worth $1,666,000 after purchasing an additional 223 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Alphabet by 2.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,103,417 shares of the information services provider's stock valued at $6,494,655,000 after acquiring an additional 769,335 shares in the last quarter. USS Investment Management Ltd raised its holdings in shares of Alphabet by 19.2% in the fourth quarter. USS Investment Management Ltd now owns 971,242 shares of the information services provider's stock valued at $184,988,000 after acquiring an additional 156,167 shares in the last quarter. Vance Wealth LLC raised its holdings in shares of Alphabet by 34.5% in the fourth quarter. Vance Wealth LLC now owns 4,828 shares of the information services provider's stock valued at $919,000 after acquiring an additional 1,239 shares in the last quarter. Finally, Waverly Advisors LLC raised its holdings in shares of Alphabet by 19.2% in the fourth quarter. Waverly Advisors LLC now owns 91,908 shares of the information services provider's stock valued at $17,503,000 after acquiring an additional 14,793 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on GOOG. UBS Group decreased their price objective on Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Benchmark restated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective on Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Oppenheimer lifted their price objective on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $203.94.

Alphabet Stock Up 1.1%

Alphabet stock traded up $1.92 during midday trading on Thursday, hitting $171.98. 44,924,476 shares of the company were exchanged, compared to its average volume of 20,042,982. The company's fifty day moving average price is $160.23 and its 200-day moving average price is $176.62. The company has a market cap of $2.09 trillion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating 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 company had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the company posted $1.89 EPS. Alphabet's quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.49%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio is presently 9.36%.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the transaction, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction dated 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 represents a 4.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,744 shares of company stock valued at $20,968,366 in the last three months. Corporate insiders own 12.99% of the company's stock.

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.