Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,242,397 shares of the information services provider's stock after selling 33,051 shares during the period. Alphabet comprises about 1.5% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS's investment portfolio, making the stock its 10th biggest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Alphabet were worth $235,186,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Pettinga Financial Advisors LLC boosted its position in shares of Alphabet by 10.1% during the third quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider's stock worth $363,000 after buying an additional 201 shares during the period. Principal Financial Group Inc. raised its stake in Alphabet by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider's stock valued at $1,871,384,000 after acquiring an additional 337,031 shares in the last quarter. Cardano Risk Management B.V. boosted its position in Alphabet by 1.1% during the 3rd quarter. Cardano Risk Management B.V. now owns 1,511,083 shares of the information services provider's stock worth $250,613,000 after acquiring an additional 15,724 shares during the period. Claro Advisors LLC grew its stake in shares of Alphabet by 16.5% in the third quarter. Claro Advisors LLC now owns 37,307 shares of the information services provider's stock worth $6,187,000 after purchasing an additional 5,271 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Alphabet by 3.8% during the third quarter. Thrivent Financial for Lutherans now owns 776,885 shares of the information services provider's stock valued at $128,846,000 after purchasing an additional 28,612 shares in the last quarter. Institutional investors own 40.03% of the company's stock.
Insider Buying and Selling
In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares of the company's stock, valued at $2,377,014.99. The trade was a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,665 shares of company stock worth $16,198,310 in the last quarter. 11.55% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on GOOGL shares. JPMorgan Chase & Co. decreased their target price on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. DZ Bank cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective for the company. in a report on Thursday, February 6th. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Robert W. Baird restated an "outperform" rating and issued a $205.00 target price on shares of Alphabet in a research report on Tuesday, December 10th. Finally, Wolfe Research lifted their price target on Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four 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 a consensus target price of $209.49.
Read Our Latest Research Report on GOOGL
Alphabet Stock Up 1.6 %
Shares of NASDAQ:GOOGL traded up $2.43 during midday trading on Tuesday, hitting $157.07. 30,638,515 shares of the stock were exchanged, compared to its average volume of 27,380,987. The company has a market capitalization of $1.91 trillion, a PE ratio of 19.51, a P/E/G ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 52-week low of $147.22 and a 52-week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The business's fifty day simple moving average is $178.83 and its two-hundred day simple moving average is $177.10.
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, topping 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 company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet's payout ratio is presently 9.94%.
Alphabet Profile
(
Free Report)
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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