Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Sells 152,007 Shares of Alphabet Inc. (NASDAQ:GOOG)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. trimmed its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 63.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,519 shares of the information services provider's stock after selling 152,007 shares during the period. Alphabet accounts for about 2.7% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s investment portfolio, making the stock its 14th largest position. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Alphabet were worth $13,517,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. LSV Asset Management acquired a new position in Alphabet during the 4th quarter valued at about $27,000. Principia Wealth Advisory LLC grew its holdings in shares of Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after buying an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of Alphabet during the first quarter worth about $26,000. WealthTrak Capital Management LLC acquired a new position in Alphabet during the fourth quarter valued at approximately $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $39,000. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Up 0.0%

NASDAQ GOOG traded up $0.02 during trading hours on Tuesday, hitting $191.17. 10,996,911 shares of the company's stock were exchanged, compared to its average volume of 21,565,656. The stock has a 50-day simple moving average of $174.02 and a 200 day simple moving average of $174.50. The firm has a market cap of $2.32 trillion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.30 and a beta of 1.01. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70.

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

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.44%. Alphabet's payout ratio is 9.36%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GOOG shares. Scotiabank decreased their price target on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Westpark Capital reissued a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Cantor Fitzgerald reissued a "neutral" rating and issued a $171.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Susquehanna restated a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Finally, Barclays restated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat, Alphabet has an average rating of "Moderate Buy" and an average target price of $208.40.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the transaction, the director owned 243,400 shares in the company, valued at approximately $45,213,984. This represents a 7.09% 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, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the completion of the sale, the chief executive officer owned 2,559,892 shares in the company, valued at $456,991,919.84. The trade was a 1.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 249,409 shares of company stock valued at $43,523,710. 12.99% of the stock is owned by company insiders.

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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