240,289 Shares in Alphabet Inc. (NASDAQ:GOOG) Bought by Allianz SE

Allianz SE purchased a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 240,289 shares of the information services provider's stock, valued at approximately $46,277,000. Alphabet comprises about 1.2% of Allianz SE's investment portfolio, making the stock its 15th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in GOOG. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet during the 4th quarter valued at approximately $27,000. Weiss Asset Management LP purchased a new stake in Alphabet in the third quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Alphabet in the 3rd quarter valued at $33,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet during the 4th quarter worth $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 0.1 %

Shares of GOOG stock traded up $0.17 on Monday, reaching $156.23. 31,961,656 shares of the stock were exchanged, compared to its average volume of 18,929,980. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.34 and a beta of 1.03. The business's 50 day moving average price is $181.53 and its 200 day moving average price is $178.69. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a twelve month low of $148.20 and a twelve month high of $208.70.

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Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet's dividend payout ratio is currently 9.94%.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 17,690 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now owns 43,111 shares of the company's stock, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now directly owns 272,466 shares of the company's stock, valued at $50,376,238.74. The trade was a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,992 shares of company stock valued at $16,097,111. 12.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GOOG shares. Wedbush reaffirmed an "outperform" rating and set a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Rosenblatt Securities reiterated a "neutral" rating on shares of Alphabet in a report on Wednesday, March 19th. Citizens Jmp cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Needham & Company LLC reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $208.56.

Alphabet Company 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.