Alphabet Inc. (NASDAQ:GOOGL) is Alecta Tjanstepension Omsesidigt's 2nd Largest Position

Alecta Tjanstepension Omsesidigt decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,232,200 shares of the information services provider's stock after selling 1,614,000 shares during the quarter. Alphabet comprises approximately 9.2% of Alecta Tjanstepension Omsesidigt's portfolio, making the stock its 2nd biggest position. Alecta Tjanstepension Omsesidigt owned 0.08% of Alphabet worth $1,747,840,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schear Investment Advisers LLC increased its stake in Alphabet by 17.0% during the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock valued at $5,598,000 after purchasing an additional 4,905 shares in the last quarter. Landscape Capital Management L.L.C. lifted its holdings in Alphabet by 27.9% during the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock valued at $4,192,000 after purchasing an additional 5,516 shares in the last quarter. Olistico Wealth LLC lifted its holdings in Alphabet by 9.1% during the fourth quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock valued at $1,700,000 after purchasing an additional 746 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of Alphabet by 22.9% during the third quarter. Centaurus Financial Inc. now owns 61,540 shares of the information services provider's stock valued at $10,206,000 after buying an additional 11,481 shares during the last quarter. Finally, Highline Wealth Partners LLC increased its position in Alphabet by 22.7% in the fourth quarter. Highline Wealth Partners LLC now owns 23,164 shares of the information services provider's stock worth $4,385,000 after purchasing an additional 4,285 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. KeyCorp lifted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, January 10th. Wedbush upped their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Wolfe Research increased their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $210.62.

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Insiders Place Their Bets

In other news, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the sale, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,682 shares of company stock worth $17,901,024. Corporate insiders own 11.55% of the company's stock.

Alphabet Stock Up 1.9 %

NASDAQ GOOGL opened at $167.11 on Thursday. The firm has a market cap of $2.04 trillion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. 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 stock's 50 day simple moving average is $186.76 and its 200 day simple moving average is $176.48. Alphabet Inc. has a one year low of $138.99 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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 return on equity of 32.49% and a net margin of 28.60%. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 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.

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