Alphabet Inc. (NASDAQ:GOOGL) Holdings Lessened by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,103 shares of the information services provider's stock after selling 25,566 shares during the period. Alphabet comprises approximately 4.4% of Te Ahumairangi Investment Management Ltd's holdings, making the stock its 4th largest holding. Te Ahumairangi Investment Management Ltd's holdings in Alphabet were worth $21,221,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Compass Planning Associates Inc purchased a new position in shares of Alphabet during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of 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 valued at $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new position in Alphabet in the fourth quarter worth $39,000. PayPay Securities Corp raised its holdings in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, Prudent Man Investment Management Inc. purchased a new position in Alphabet during the fourth quarter valued at $53,000. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,797 shares of company stock valued at $21,089,470 over the last ninety days. 11.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Alphabet from $184.00 to $167.00 and set an "equal weight" rating for the company in a research note on Monday, March 31st. Jefferies Financial Group lowered their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday, March 31st. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Roth Mkm reiterated a "buy" rating and set a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Bank of America reissued a "buy" rating and issued a $210.00 target price on shares of Alphabet in a 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 five have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $206.51.

Alphabet Stock Performance

GOOGL traded up $4.32 during midday trading on Friday, reaching $157.14. The company had a trading volume of 33,590,459 shares, compared to its average volume of 28,213,740. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.92 trillion, a P/E ratio of 19.52, a P/E/G ratio of 1.34 and a beta of 1.03. The business has a 50-day moving average of $168.52 and a two-hundred day moving average of $176.31.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts' consensus estimates 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, equities research analysts predict 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 was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

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.