Achmea Investment Management B.V. Sells 7,272 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Achmea Investment Management B.V. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 848,969 shares of the information services provider's stock after selling 7,272 shares during the period. Alphabet accounts for approximately 2.6% of Achmea Investment Management B.V.'s investment portfolio, making the stock its 5th biggest position. Achmea Investment Management B.V.'s holdings in Alphabet were worth $160,710,000 at the end of the most recent reporting period.

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

Insider Transactions at Alphabet

In other Alphabet news, insider Ruth Porat sold 17,690 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the sale, the insider now directly owns 1,449,286 shares of the company's stock, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 200 shares of the company'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 transaction of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This trade 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 93,048 shares of company stock worth $17,374,274. Insiders own 11.55% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently commented on GOOGL. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Rosenblatt Securities reiterated a "neutral" rating and set a $205.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. DA Davidson boosted their price target on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Finally, Bank of America reiterated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $210.59.

Alphabet Price Performance

NASDAQ:GOOGL traded down $4.42 on Wednesday, hitting $166.14. The company had a trading volume of 13,643,897 shares, compared to its average volume of 30,132,676. The firm has a 50 day moving average of $181.72 and a two-hundred day moving average of $176.86. The stock has a market capitalization of $2.03 trillion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 52 week low of $147.21 and a 52 week high of $207.05. 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 (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. On average, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's payout ratio 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.