Mn Services Vermogensbeheer B.V. Has $327.93 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,977,260 shares of the information services provider's stock after selling 44,000 shares during the period. Alphabet comprises approximately 2.3% of Mn Services Vermogensbeheer B.V.'s holdings, making the stock its 5th largest position. Mn Services Vermogensbeheer B.V.'s holdings in Alphabet were worth $327,929,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc raised its stake in shares of Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock valued at $26,000 after acquiring an additional 60 shares in the last quarter. Kings Path Partners LLC purchased a new position in Alphabet in the second quarter worth $36,000. Denver PWM LLC purchased a new stake in Alphabet in the second quarter valued at about $41,000. Quarry LP purchased a new stake in Alphabet during the 2nd quarter worth approximately $53,000. Finally, Summit Securities Group LLC purchased a new stake in Alphabet during the 2nd quarter valued at about $55,000. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Up 1.6 %

GOOGL traded up $2.81 during mid-day trading on Monday, reaching $175.30. The stock had a trading volume of 19,429,254 shares, compared to its average volume of 27,110,707. The firm's fifty day simple moving average is $165.61 and its two-hundred day simple moving average is $170.22. The stock has a market capitalization of $2.15 trillion, a P/E ratio of 23.16, a P/E/G ratio of 1.23 and a beta of 1.03. Alphabet Inc. has a 52 week low of $127.90 and a 52 week high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period last year, the company earned $1.55 EPS. On average, equities analysts predict that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet's dividend payout ratio (DPR) is currently 10.61%.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total value of $3,772,350.00. Following the completion of the sale, the chief executive officer now directly owns 2,159,885 shares of the company's stock, valued at $362,126,319.10. This trade represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Amie Thuener O'toole sold 2,835 shares of the firm's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the sale, the chief accounting officer now directly owns 29,182 shares of the company's stock, valued at $4,421,948.46. This represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,795 shares of company stock valued at $34,471,141. 11.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GOOGL shares. Pivotal Research lifted their price objective on Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group dropped their price target on Alphabet from $217.00 to $208.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Royal Bank of Canada upped their price target on Alphabet from $204.00 to $210.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $181.00 price target on shares of Alphabet in a research report on Wednesday, July 24th. Finally, Needham & Company LLC restated a "buy" rating and set a $210.00 price target on shares of Alphabet in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $205.90.

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.