Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Bedrijfstakpensioenfonds Voor DE Media PNO

Bedrijfstakpensioenfonds Voor DE Media PNO cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 335,100 shares of the information services provider’s stock after selling 16,000 shares during the period. Alphabet accounts for approximately 6.2% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 4th biggest holding. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Alphabet were worth $46,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GOOGL. Legacy Trust grew its holdings in shares of Alphabet by 0.5% during the third quarter. Legacy Trust now owns 55,410 shares of the information services provider’s stock valued at $7,251,000 after buying an additional 283 shares during the last quarter. Community Trust & Investment Co. lifted its position in Alphabet by 71.0% during the 3rd quarter. Community Trust & Investment Co. now owns 3,613 shares of the information services provider’s stock worth $473,000 after acquiring an additional 1,500 shares during the period. Essex LLC grew its stake in Alphabet by 3.4% during the 3rd quarter. Essex LLC now owns 27,121 shares of the information services provider’s stock valued at $3,549,000 after purchasing an additional 882 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in shares of Alphabet by 1.3% in the third quarter. Capital Investment Advisors LLC now owns 340,364 shares of the information services provider’s stock valued at $44,540,000 after purchasing an additional 4,490 shares during the period. Finally, Howard Capital Management Group LLC raised its stake in shares of Alphabet by 0.7% in the third quarter. Howard Capital Management Group LLC now owns 313,381 shares of the information services provider’s stock worth $41,009,000 after purchasing an additional 2,236 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GOOGL. Sanford C. Bernstein upped their target price on Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday. Wedbush upped their price objective on shares of Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a report on Friday. Susquehanna raised their target price on shares of Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a report on Monday. Wolfe Research boosted their target price on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Truist Financial increased their price target on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Five analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $189.44.

Alphabet Trading Down 3.4 %

Shares of NASDAQ:GOOGL traded down $5.80 during midday trading on Monday, reaching $166.15. 45,549,086 shares of the company’s stock were exchanged, compared to its average volume of 30,833,311. The stock has a market cap of $2.07 trillion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 1.57 and a beta of 1.05. Alphabet Inc. has a fifty-two week low of $103.71 and a fifty-two week high of $174.71. The firm’s 50 day simple moving average is $148.36 and its two-hundred day simple moving average is $141.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter last year, the firm posted $1.17 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 6.82 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 10th.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the sale, the director now directly owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Insiders have sold a total of 253,439 shares of company stock valued at $36,746,578 over the last quarter. 0.88% of the stock is owned by company insiders.

Alphabet 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.