Triglav Skladi D.O.O. Takes $16.16 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Triglav Skladi D.O.O. bought a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 84,840 shares of the information services provider's stock, valued at approximately $16,157,000. Alphabet makes up approximately 1.3% of Triglav Skladi D.O.O.'s portfolio, making the stock its 21st largest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC increased its position in Alphabet by 0.6% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 17,606 shares of the information services provider's stock valued at $3,353,000 after buying an additional 108 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its stake in Alphabet by 9.3% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 28,044 shares of the information services provider's stock valued at $5,341,000 after purchasing an additional 2,390 shares in the last quarter. Empirical Asset Management LLC raised its holdings in Alphabet by 720.0% in the fourth quarter. Empirical Asset Management LLC now owns 142,080 shares of the information services provider's stock worth $27,058,000 after buying an additional 124,753 shares during the last quarter. Occidental Asset Management LLC grew its holdings in shares of Alphabet by 89.2% during the fourth quarter. Occidental Asset Management LLC now owns 36,856 shares of the information services provider's stock valued at $7,019,000 after buying an additional 17,381 shares during the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $452,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $171.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Scotiabank dropped their price objective on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, UBS Group lowered their target price on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $203.94.

Alphabet Stock Performance

Shares of GOOG stock traded up $4.74 during mid-day trading on Wednesday, reaching $170.06. 45,496,021 shares of the company's stock traded hands, compared to its average volume of 19,927,677. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $2.06 trillion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The firm has a 50 day moving average price of $160.18 and a two-hundred day moving average price of $176.66.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. Alphabet's revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

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

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the sale, the chief executive officer now owns 2,652,696 shares in the company, valued at approximately $413,555,306.40. This trade represents a 1.21% 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, insider Ruth Porat sold 17,690 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the sale, the insider now owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. The trade was a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,744 shares of company stock worth $20,968,366. Company insiders own 12.99% of the company's stock.

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.