Bedrijfstakpensioenfonds Voor DE Media PNO cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 335,100 shares of the information services provider's stock after selling 16,000 shares during the quarter. Alphabet accounts for approximately 6.2% of Bedrijfstakpensioenfonds Voor DE Media PNO's holdings, making the stock its 4th biggest holding. Bedrijfstakpensioenfonds Voor DE Media PNO's holdings in Alphabet were worth $46,830,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new position in Alphabet during the 4th quarter worth approximately $15,441,917,000. FMR LLC grew its holdings in shares of Alphabet by 5.6% in the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider's stock worth $29,746,764,000 after purchasing an additional 12,070,681 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Alphabet by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider's stock worth $68,980,354,000 after buying an additional 6,374,756 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in Alphabet by 39,754.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 6,025,667 shares of the information services provider's stock valued at $841,725,000 after buying an additional 6,010,548 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Alphabet by 4,894.1% during the 4th quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider's stock valued at $7,606,670,000 after buying an additional 5,336,359 shares during the period. 40.03% of the stock is currently owned by institutional investors.
Alphabet Stock Down 3.4 %
Shares of Alphabet stock traded down $5.80 on Monday, reaching $166.15. The company's stock had a trading volume of 45,549,086 shares, compared to its average volume of 30,833,311. Alphabet Inc. has a 52 week low of $103.71 and a 52 week high of $174.71. The firm's fifty day simple moving average is $148.36 and its two-hundred day simple moving average is $141.62. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 1.57 and a beta of 1.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same period last year, the company earned $1.17 EPS. Equities analysts anticipate that Alphabet Inc. will post 6.82 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%.
Wall Street Analysts Forecast Growth
GOOGL has been the topic of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Alphabet from $160.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday. Raymond James upped their price target on Alphabet from $160.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday. BMO Capital Markets lifted their price objective on Alphabet from $185.00 to $215.00 and gave the stock an "outperform" rating in a research report on Friday. Susquehanna upped their target price on Alphabet from $170.00 to $225.00 and gave the company a "positive" rating in a report on Monday. Finally, Oppenheimer raised their price target on Alphabet from $185.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $189.44.
Read Our Latest Report on GOOGL
Insider Activity at Alphabet
In other news, CAO Amie Thuener O'toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares of the company's stock, valued at approximately $4,009,032.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Prabhakar Raghavan sold 3,258 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares in the company, valued at $22,566,519.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 660 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares of the company's stock, valued at $4,009,032.80. The disclosure for this sale can be found here. Insiders have sold a total of 253,439 shares of company stock worth $36,746,578 over the last quarter. Company insiders own 0.88% of the company's stock.
About Alphabet
(
Free Report)
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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