Robeco Institutional Asset Management B.V. Has $1.27 Billion Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Robeco Institutional Asset Management B.V. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,201,180 shares of the information services provider's stock after acquiring an additional 140,384 shares during the quarter. Alphabet comprises approximately 2.5% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 6th biggest position. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Alphabet worth $1,268,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of GOOGL. Sequoia Financial Advisors LLC boosted its position in shares of Alphabet by 5.2% in the first quarter. Sequoia Financial Advisors LLC now owns 436,681 shares of the information services provider's stock worth $67,528,000 after purchasing an additional 21,725 shares during the period. Value Partners Investments Inc. increased its holdings in shares of Alphabet by 936.4% in the first quarter. Value Partners Investments Inc. now owns 452,457 shares of the information services provider's stock worth $70,044,000 after purchasing an additional 408,802 shares during the last quarter. Terra Nova Asset Management LLC grew its holdings in shares of Alphabet by 1.5% in the first quarter. Terra Nova Asset Management LLC now owns 25,982 shares of the information services provider's stock valued at $4,018,000 after purchasing an additional 394 shares in the last quarter. Aspetuck Financial Management LLC purchased a new stake in Alphabet during the first quarter valued at $3,203,000. Finally, Pure Financial Advisors LLC lifted its position in Alphabet by 18.9% during the first quarter. Pure Financial Advisors LLC now owns 24,423 shares of the information services provider's stock valued at $3,777,000 after purchasing an additional 3,884 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Cantor Fitzgerald restated a "neutral" rating and set a $171.00 price objective on shares of Alphabet in a research report on Wednesday, June 25th. BNP Paribas Exane reaffirmed a "neutral" rating and issued a $172.00 price objective on shares of Alphabet in a research note on Friday, June 27th. Wells Fargo & Company boosted their target price on Alphabet from $167.00 to $175.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Finally, Roth Mkm restated a "buy" rating and set a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Ten research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $199.95.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $105,000.00. Following the transaction, the director owned 6,813 shares in the company, valued at $1,192,275. This trade represents a 8.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 9,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,575,000.00. Following the completion of the transaction, the director directly owned 255,400 shares of the company's stock, valued at approximately $44,695,000. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,143 shares of company stock valued at $30,529,028 over the last three months. Company insiders own 11.64% of the company's stock.

Alphabet Price Performance

Alphabet stock traded up $0.57 during midday trading on Thursday, hitting $179.21. The company's stock had a trading volume of 21,566,896 shares, compared to its average volume of 31,462,415. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.17 trillion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.00. The stock's 50-day moving average price is $167.96 and its 200-day moving average price is $174.20.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same period in the previous year, the firm earned $1.89 EPS. Analysts anticipate that Alphabet Inc. will post 8.9 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. Investors of record on Monday, June 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. Alphabet's payout ratio is presently 9.36%.

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.