Ilmarinen Mutual Pension Insurance Co Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Ilmarinen Mutual Pension Insurance Co raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 50.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,619,888 shares of the information services provider's stock after acquiring an additional 545,000 shares during the period. Alphabet comprises approximately 2.6% of Ilmarinen Mutual Pension Insurance Co's portfolio, making the stock its 9th biggest holding. Ilmarinen Mutual Pension Insurance Co's holdings in Alphabet were worth $306,645,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GOOGL. Compass Planning Associates Inc purchased a new position in Alphabet in the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Alphabet by 518.8% in 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 buying an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new stake in Alphabet during the 4th quarter valued at $39,000. PayPay Securities Corp boosted its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after buying an additional 65 shares during the period. Finally, Prudent Man Investment Management Inc. bought a new stake in Alphabet in the 4th quarter worth $53,000. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $161.90, for a total transaction of $32,380.00. Following the transaction, the director now directly owns 7,613 shares of the company's stock, valued at approximately $1,232,544.70. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 value of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,663 shares of company stock valued at $20,286,447. 11.55% of the stock is currently owned by insiders.

Remove Ads

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research analyst reports. KeyCorp dropped their price objective on Alphabet from $220.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Stifel Nicolaus upped their price objective on shares of Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 13th. DZ Bank cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target on the stock. in a research report on Thursday, February 6th. Piper Sandler cut their price objective on Alphabet from $208.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Wedbush set a $190.00 price target on Alphabet and gave the company an "outperform" rating in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $203.51.

Alphabet Trading Down 0.7 %

Shares of Alphabet stock traded down $1.05 on Wednesday, reaching $155.26. The company had a trading volume of 6,539,842 shares, compared to its average volume of 28,141,172. The firm's 50-day moving average price is $167.17 and its two-hundred day moving average price is $176.14. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate 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, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. Alphabet's dividend payout ratio (DPR) is presently 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.