Skandinaviska Enskilda Banken AB publ Boosts Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Skandinaviska Enskilda Banken AB publ raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,862,762 shares of the information services provider's stock after purchasing an additional 207,705 shares during the quarter. Alphabet accounts for 2.5% of Skandinaviska Enskilda Banken AB publ's portfolio, making the stock its 6th largest holding. Skandinaviska Enskilda Banken AB publ's holdings in Alphabet were worth $547,475,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Compass Planning Associates Inc bought a new position in Alphabet during the 4th quarter valued at about $30,000. LMR Partners LLP bought a new stake in Alphabet during the third quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. increased 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. bought a new position in shares of Alphabet in the fourth quarter valued at approximately $39,000. Finally, PayPay Securities Corp boosted its holdings in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after acquiring an additional 65 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Ruth Porat sold 17,690 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 29,066 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the transaction, the director now owns 272,466 shares of the company's stock, valued at $50,376,238.74. The trade was a 9.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock worth $17,374,274 over the last ninety days. Insiders own 11.55% of the company's stock.

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Alphabet Stock Down 2.6 %

GOOGL traded down $4.42 during trading on Wednesday, hitting $166.14. The company had a trading volume of 13,643,897 shares, compared to its average volume of 30,132,676. The company has a market capitalization of $2.03 trillion, a PE ratio of 20.64, a PEG ratio of 1.34 and a beta of 1.02. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a one year low of $147.21 and a one year high of $207.05. The firm's 50-day moving average price is $181.72 and its 200 day moving average price is $176.86.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. As a group, equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Analyst Ratings Changes

GOOGL has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Bank of America reaffirmed a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Finally, Wolfe Research increased their price target on shares of Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.59.

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.