Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 99.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,365 shares of the information services provider's stock after selling 187,788 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Alphabet were worth $258,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. FMR LLC grew its stake in shares of Alphabet by 9.8% during the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock worth $47,025,322,000 after purchasing an additional 22,100,902 shares during the period. Norges Bank acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $24,383,677,000. Price T Rowe Associates Inc. MD grew its stake in shares of Alphabet by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider's stock worth $18,672,198,000 after purchasing an additional 7,574,417 shares during the period. Capital Research Global Investors grew its stake in shares of Alphabet by 16.2% during the 4th quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider's stock worth $13,635,878,000 after purchasing an additional 10,037,685 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Alphabet by 17.0% during the 4th quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider's stock worth $13,178,470,000 after purchasing an additional 10,135,430 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Alphabet in a research note on Wednesday, May 21st. Oppenheimer increased their target price on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Roth Mkm reiterated a "buy" rating and set a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Wells Fargo & Company increased 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, JPMorgan Chase & Co. decreased their target price on Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus price target of $199.75.

Alphabet Stock Down 1.2%

Shares of Alphabet stock traded down $2.13 on Friday, reaching $169.73. 52,598,920 shares of the company were exchanged, compared to its average volume of 29,980,554. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a market cap of $2.06 trillion, a P/E ratio of 21.08, 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. The stock's 50 day moving average price is $159.10 and its 200-day moving average price is $174.59.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping 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 32.49% and a net margin of 28.60%. During the same quarter in the previous year, the business earned $1.89 earnings per share. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

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

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 1,374 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the transaction, the chief accounting officer now owns 15,024 shares of the company's stock, valued at approximately $2,606,213.28. The trade was a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 6,813 shares in the company, valued at approximately $1,192,275. The trade was a 8.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,533 shares of company stock worth $26,772,774 over the last 90 days. 11.55% of the stock is owned by insiders.

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.