Securian Asset Management Inc. Has $59.45 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Securian Asset Management Inc. cut its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 314,035 shares of the information services provider's stock after selling 10,016 shares during the period. Alphabet comprises about 1.7% of Securian Asset Management Inc.'s portfolio, making the stock its 9th largest position. Securian Asset Management Inc.'s holdings in Alphabet were worth $59,447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Compass Planning Associates Inc bought a new position in Alphabet during the 4th quarter worth about $30,000. LMR Partners LLP acquired a new position in shares of Alphabet during the third quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Alphabet by 518.8% during 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 in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the 4th quarter valued at approximately $39,000. Finally, PayPay Securities Corp lifted its stake in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Roth Mkm reiterated a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. DZ Bank lowered shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target on the stock. in a research note on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and set a $225.00 price objective on shares of Alphabet in a research note on Wednesday, February 5th. KeyCorp lowered their target price on Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Finally, Robert W. Baird restated an "outperform" rating and issued a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $210.59.

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Insider Activity

In other news, insider John Kent Walker sold 16,820 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares of the company's stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 in the company, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,048 shares of company stock worth $17,374,274. Insiders own 11.55% of the company's stock.

Alphabet Price Performance

NASDAQ:GOOGL traded down $4.42 during trading hours on Wednesday, hitting $166.14. The company's stock had a trading volume of 13,291,069 shares, compared to its average volume of 25,831,595. Alphabet Inc. has a twelve month low of $147.22 and a twelve month high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a fifty day simple moving average of $181.72 and a 200-day simple moving average of $176.86. The company has a market capitalization of $2.03 trillion, a P/E ratio of 20.62, a PEG ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued 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 0.48%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

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.