Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Decreased by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 888,982 shares of the information services provider's stock after selling 72,873 shares during the period. Alphabet accounts for about 5.0% of Intech Investment Management LLC's holdings, making the stock its 3rd biggest holding. Intech Investment Management LLC's holdings in Alphabet were worth $168,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GOOGL. Compass Planning Associates Inc acquired a new position in shares of Alphabet during the fourth quarter worth $30,000. LMR Partners LLP acquired a new position in Alphabet in the 3rd quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Alphabet in the 4th quarter valued at about $39,000. Finally, PayPay Securities Corp grew its stake in shares of Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GOOGL shares. Roth Mkm reissued a "buy" rating and issued a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. KeyCorp decreased their price target on shares of Alphabet from $220.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Westpark Capital upgraded shares of Alphabet to a "strong-buy" rating in a research note on Tuesday. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Piper Sandler dropped their target price on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $209.49.

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Alphabet Price Performance

Shares of Alphabet stock traded down $0.03 on Wednesday, hitting $157.04. The company had a trading volume of 24,682,619 shares, compared to its average volume of 27,382,781. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market cap of $1.91 trillion, a PE ratio of 19.51, a PEG ratio of 1.34 and a beta of 1.03. The business has a 50-day simple moving average of $177.19 and a 200-day simple moving average of $176.95.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. Research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is currently 9.94%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 1,368 shares of Alphabet stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the transaction, the chief accounting officer now owns 20,681 shares of the company's stock, valued at $3,961,445.55. The trade was a 6.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 88,665 shares of company stock worth $16,198,310. 11.55% of the stock is owned by corporate insiders.

Alphabet 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.