Siemens Fonds Invest GmbH Cuts Position in Alphabet Inc. (NASDAQ:GOOGL)

Siemens Fonds Invest GmbH trimmed its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 99.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GOOGL. JPMorgan Chase & Co. raised its holdings in shares of Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after buying an additional 4,567,275 shares during the period. Regent Peak Wealth Advisors LLC raised its holdings in shares of Alphabet by 0.9% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 23,533 shares of the information services provider's stock valued at $4,455,000 after buying an additional 207 shares during the period. Wealth Group Ltd. raised its holdings in shares of Alphabet by 5.2% during the 4th quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider's stock valued at $299,000 after buying an additional 78 shares during the period. R.H. Investment Group LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at about $1,475,000. Finally, Mason & Associates Inc raised its holdings in shares of Alphabet by 7.5% during the 4th quarter. Mason & Associates Inc now owns 7,027 shares of the information services provider's stock valued at $1,330,000 after buying an additional 491 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 1.4%

NASDAQ:GOOGL opened at $166.19 on Monday. 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 12-month low of $140.53 and a 12-month high of $207.05. The business has a 50 day simple moving average of $158.21 and a 200 day simple moving average of $175.04. The firm has a market capitalization of $2.02 trillion, a P/E ratio of 20.64, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - 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 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 $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. Equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is 9.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GOOGL shares. JMP Securities restated a "market perform" rating on shares of Alphabet in a report on Tuesday, May 6th. Cantor Fitzgerald dropped their price objective on Alphabet from $200.00 to $159.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Jefferies Financial Group dropped their price objective on Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, March 31st. UBS Group set a $195.00 price objective on Alphabet in a report on Friday, April 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $178.00 price objective on shares of Alphabet in a report on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $199.75.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $155.90, for a total value of $5,066,750.00. Following the completion of the sale, the chief executive officer now owns 2,652,696 shares in the company, valued at $413,555,306.40. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O'toole sold 2,824 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total value of $529,302.32. Following the completion of the sale, the chief accounting officer now owns 15,024 shares of the company's stock, valued at approximately $2,815,948.32. This trade represents a 15.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 179,324 shares of company stock worth $30,153,353. 11.64% 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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