Achmea Investment Management B.V. trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 385,720 shares of the information services provider's stock after selling 13,288 shares during the quarter. Alphabet comprises approximately 1.2% of Achmea Investment Management B.V.'s portfolio, making the stock its 8th largest holding. Achmea Investment Management B.V.'s holdings in Alphabet were worth $73,456,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Alphabet by 15.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 617,726 shares of the information services provider's stock valued at $117,640,000 after buying an additional 81,063 shares during the period. Rakuten Securities Inc. increased its holdings in Alphabet by 21.6% in the 4th quarter. Rakuten Securities Inc. now owns 6,928 shares of the information services provider's stock valued at $1,319,000 after purchasing an additional 1,229 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Alphabet by 6.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 308,337 shares of the information services provider's stock valued at $58,720,000 after purchasing an additional 20,011 shares during the last quarter. Liberty Wealth Management LLC increased its holdings in Alphabet by 39.9% in the 4th quarter. Liberty Wealth Management LLC now owns 15,762 shares of the information services provider's stock valued at $3,002,000 after purchasing an additional 4,492 shares during the last quarter. Finally, Truvestments Capital LLC increased its holdings in Alphabet by 13.7% in the 4th quarter. Truvestments Capital LLC now owns 10,590 shares of the information services provider's stock valued at $2,017,000 after purchasing an additional 1,275 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director John L. Hennessy sold 200 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,834 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at $4,085,531.55. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,882 shares of company stock valued at $17,934,130. Insiders own 12.99% of the company's stock.
Alphabet Stock Performance
GOOG traded down $4.27 on Thursday, reaching $164.73. The company had a trading volume of 15,180,371 shares, compared to its average volume of 19,103,002. Alphabet Inc. has a 1 year low of $141.13 and a 1 year high of $208.70. The stock has a market capitalization of $2.01 trillion, a PE ratio of 20.46, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $187.92 and a 200-day moving average price of $177.92.
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 for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.
Alphabet Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet's payout ratio is 9.94%.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Benchmark reiterated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Oppenheimer lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Morgan Stanley reiterated an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Scotiabank lifted their target price on shares of Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. Finally, Needham & Company LLC reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.13.
View Our Latest Report on Alphabet
Alphabet Company Profile
(
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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