Mitsubishi UFJ Trust & Banking Corp Has $595.76 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,128,343 shares of the information services provider's stock after selling 110,275 shares during the period. Alphabet comprises approximately 1.4% of Mitsubishi UFJ Trust & Banking Corp's investment portfolio, making the stock its 8th biggest holding. Mitsubishi UFJ Trust & Banking Corp's holdings in Alphabet were worth $595,762,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Alphabet by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider's stock worth $1,843,149,000 after buying an additional 264,962 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Alphabet by 7.2% during the third quarter. Advisors Asset Management Inc. now owns 13,526 shares of the information services provider's stock worth $2,261,000 after acquiring an additional 909 shares during the period. Penserra Capital Management LLC grew its position in shares of Alphabet by 1.2% in the third quarter. Penserra Capital Management LLC now owns 12,240 shares of the information services provider's stock valued at $2,046,000 after purchasing an additional 147 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Alphabet by 2.3% during the third quarter. Westfield Capital Management Co. LP now owns 70,572 shares of the information services provider's stock worth $11,799,000 after purchasing an additional 1,580 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its holdings in Alphabet by 62.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 157,622 shares of the information services provider's stock worth $26,351,000 after purchasing an additional 60,325 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on GOOG. Needham & Company LLC reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. Wedbush restated an "outperform" rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Finally, Rosenblatt Securities reiterated a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $209.13.

Insider Buying and Selling

In other news, insider John Kent Walker sold 16,820 shares of the firm's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction that occurred on 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 $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,048 shares of company stock valued at $17,374,274 over the last ninety days. 12.99% of the stock is owned by company insiders.

Alphabet Trading Down 1.2 %

NASDAQ:GOOG traded down $1.93 during mid-day trading on Thursday, hitting $165.21. 10,901,047 shares of the company's stock were exchanged, compared to its average volume of 17,820,804. 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 fifty-two week low of $148.20 and a fifty-two week high of $208.70. The company has a 50 day simple moving average of $182.96 and a 200-day simple moving average of $178.36. The firm has a market capitalization of $2.01 trillion, a P/E ratio of 20.52, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate 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 expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet's dividend payout ratio (DPR) is 9.94%.

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.