Banco Bilbao Vizcaya Argentaria S.A. Sells 49,105 Shares of Alphabet Inc. (NASDAQ:GOOG)

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,096,152 shares of the information services provider's stock after selling 49,105 shares during the period. Alphabet comprises approximately 2.2% of Banco Bilbao Vizcaya Argentaria S.A.'s holdings, making the stock its 9th largest holding. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Alphabet were worth $208,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sterling Financial Planning Inc. grew its position in Alphabet by 2.6% during the fourth quarter. Sterling Financial Planning Inc. now owns 1,941 shares of the information services provider's stock valued at $370,000 after acquiring an additional 50 shares during the period. Arlington Trust Co LLC increased its holdings in shares of Alphabet by 0.4% in the 4th quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider's stock valued at $2,747,000 after acquiring an additional 52 shares during the last quarter. Harrell Investment Partners LLC boosted its stake in Alphabet by 0.9% in the fourth quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider's stock valued at $1,078,000 after acquiring an additional 53 shares during the period. Ethos Financial Group LLC grew its position in Alphabet by 0.7% in the 4th quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider's stock worth $1,395,000 after purchasing an additional 53 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its stake in Alphabet by 1.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider's stock valued at $966,000 after purchasing an additional 54 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of Alphabet stock traded up $2.38 during mid-day trading on Friday, reaching $163.85. 35,100,087 shares of the stock traded hands, compared to its average volume of 19,459,692. The stock has a market capitalization of $2.00 trillion, a PE ratio of 20.35, a PEG ratio of 1.34 and a beta of 1.04. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The business has a 50-day moving average of $164.25 and a 200 day moving average of $177.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.77. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. On average, analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Alphabet's payout ratio is currently 9.94%.

Analyst Ratings Changes

Several analysts recently commented on GOOG shares. Benchmark restated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $171.00 price target on shares of Alphabet in a report on Friday. Morgan Stanley reissued an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Citigroup reiterated a "sell" rating on shares of Alphabet in a report on Wednesday. Finally, Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $203.94.

Insider Activity

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the transaction, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock valued at $25,361,647 in the last three months. 12.99% of the stock is currently owned by company insiders.

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.