Toronto Dominion Bank Has $768.42 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Toronto Dominion Bank lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,218,600 shares of the information services provider's stock after selling 290,862 shares during the period. Alphabet accounts for 1.2% of Toronto Dominion Bank's portfolio, making the stock its 15th biggest holding. Toronto Dominion Bank's holdings in Alphabet were worth $768,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of GOOGL. Vanguard Group Inc. grew its holdings in Alphabet by 0.8% during the first quarter. Vanguard Group Inc. now owns 497,874,324 shares of the information services provider's stock worth $75,144,172,000 after acquiring an additional 4,064,073 shares during the period. Capital Research Global Investors grew its stake in shares of Alphabet by 14.4% in the 1st quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider's stock worth $8,724,251,000 after purchasing an additional 7,275,757 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Alphabet by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 49,472,478 shares of the information services provider's stock worth $9,011,412,000 after purchasing an additional 238,403 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Alphabet by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 45,178,075 shares of the information services provider's stock worth $6,310,925,000 after purchasing an additional 1,429,261 shares in the last quarter. Finally, Capital World Investors lifted its stake in Alphabet by 1.7% during the first quarter. Capital World Investors now owns 35,412,299 shares of the information services provider's stock valued at $5,344,778,000 after purchasing an additional 597,756 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Performance

Alphabet stock traded down $4.08 on Monday, hitting $162.98. The company's stock had a trading volume of 22,400,174 shares, compared to its average volume of 27,344,922. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75. The firm has a market cap of $2.01 trillion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $162.06 and a 200-day moving average price of $167.41.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. During the same period in the previous year, the business earned $1.44 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 7.63 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 0.49%. Alphabet's dividend payout ratio is 12.27%.

Insider Transactions at Alphabet

In related news, SVP Prabhakar Raghavan sold 34,257 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares of the company's stock, valued at $50,765,346. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 682 shares of the business's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,334 shares of the company's stock, valued at approximately $5,264,112. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 217,592 shares of company stock valued at $35,922,911. Corporate insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GOOGL. Guggenheim upped their target price on Alphabet from $195.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Tigress Financial raised their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a "strong-buy" rating in a report on Thursday, September 26th. TD Securities lifted their target price on shares of Alphabet from $200.00 to $220.00 in a research report on Wednesday, July 10th. Pivotal Research upgraded shares of Alphabet to a "strong-buy" rating in a research report on Tuesday, October 1st. Finally, Evercore ISI lowered their price objective on shares of Alphabet from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.14.

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.