Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Reduced by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,097,768 shares of the information services provider's stock after selling 887,707 shares during the period. Alphabet comprises approximately 2.7% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 5th biggest holding. Robeco Institutional Asset Management B.V. owned about 0.07% of Alphabet worth $1,343,015,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Christopher J. Hasenberg Inc grew its position in shares of Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock worth $26,000 after buying an additional 60 shares during the last quarter. Kings Path Partners LLC purchased a new position in Alphabet during the 2nd quarter valued at $36,000. Denver PWM LLC bought a new position in Alphabet in the 2nd quarter worth $41,000. CarsonAllaria Wealth Management Ltd. raised its holdings in Alphabet by 59.2% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider's stock worth $44,000 after purchasing an additional 109 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Alphabet during the 2nd quarter valued at about $53,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research reports. Loop Capital increased their price target on shares of Alphabet from $170.00 to $185.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. KeyCorp increased their target price on Alphabet from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Cantor Fitzgerald restated a "neutral" rating and set a $190.00 price target on shares of Alphabet in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Finally, JMP Securities lifted their price target on shares of Alphabet from $200.00 to $220.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.90.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the completion of the transaction, the chief executive officer now directly owns 2,159,885 shares of the company's stock, valued at approximately $362,126,319.10. The trade was a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the sale, the director now directly owns 319,966 shares in the company, valued at approximately $56,765,168.06. This trade represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,795 shares of company stock worth $34,471,141 over the last ninety days. Company insiders own 11.55% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL traded down $3.09 during midday trading on Friday, hitting $172.49. The stock had a trading volume of 32,504,649 shares, compared to its average volume of 27,756,214. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $165.61 and a 200-day simple moving average of $170.18. The company has a market capitalization of $2.11 trillion, a PE ratio of 22.88, a P/E/G ratio of 1.23 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the previous year, the firm earned $1.55 EPS. On average, sell-side analysts expect that Alphabet Inc. will post 7.99 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet's payout ratio is currently 10.61%.

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.