Erste Asset Management GmbH Acquires 57,486 Shares of Alphabet Inc. (NASDAQ:GOOG)

Erste Asset Management GmbH lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 16.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 406,734 shares of the information services provider's stock after acquiring an additional 57,486 shares during the quarter. Alphabet makes up about 0.9% of Erste Asset Management GmbH's portfolio, making the stock its 21st biggest holding. Erste Asset Management GmbH's holdings in Alphabet were worth $78,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Weiss Asset Management LP bought a new position in shares of Alphabet during the 3rd quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $27,000. Safe Harbor Fiduciary LLC bought a new position in shares of Alphabet during the 3rd quarter worth approximately $33,000. Noble Wealth Management PBC bought a new position in shares of Alphabet during the 4th quarter worth approximately $43,000. Finally, FPC Investment Advisory Inc. boosted its stake in shares of Alphabet by 287.9% during the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider's stock worth $46,000 after acquiring an additional 167 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the company's 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 sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 16,820 shares of the company's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,682 shares of company stock worth $17,901,024 in the last 90 days. Insiders own 12.99% of the company's stock.

Alphabet Price Performance

Alphabet stock opened at $169.00 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52 week low of $140.01 and a 52 week high of $208.70. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The stock has a fifty day moving average of $188.44 and a 200-day moving average of $178.02.

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Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly 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 return on equity of 32.49% and a net margin of 28.60%. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. Alphabet's dividend payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GOOG. The Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush restated an "outperform" rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Scotiabank boosted their price target on Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Finally, Needham & Company LLC restated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $209.13.

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.

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