Triglav Skladi D.O.O. Purchases New Shares in Alphabet Inc. (NASDAQ:GOOG)

Triglav Skladi D.O.O. acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 84,840 shares of the information services provider’s stock, valued at approximately $16,157,000. Alphabet makes up approximately 1.3% of Triglav Skladi D.O.O.’s holdings, making the stock its 21st largest position.

Other large investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in Alphabet during the fourth quarter worth about $27,000. LSV Asset Management acquired a new stake in Alphabet during the fourth quarter worth about $27,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet during the fourth quarter worth about $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet during the fourth quarter worth about $39,000. Finally, Noble Wealth Management PBC acquired a new stake in Alphabet during the fourth quarter worth about $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GOOG. Westpark Capital restated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Friday, April 25th. Scotiabank reduced their price target on shares of Alphabet from $232.00 to $200.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 21st. Wedbush restated an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Needham & Company LLC downgraded shares of Alphabet from a “buy” rating to a “cautious” rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $203.94.

Alphabet Stock Up 1.2%

Alphabet stock opened at $167.43 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The firm has a 50 day moving average price of $160.19 and a two-hundred day moving average price of $176.77. The firm has a market cap of $2.03 trillion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the business earned $1.89 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. Equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.50%. Alphabet’s dividend payout ratio (DPR) is presently 9.36%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 2,824 shares of Alphabet stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total value of $529,302.32. Following the completion of the sale, the chief accounting officer now owns 15,024 shares in the company, valued at $2,815,948.32. The trade was a 15.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the completion of the sale, the chief executive officer now owns 2,652,696 shares of the company’s stock, valued at $413,555,306.40. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 179,324 shares of company stock worth $30,153,353. 12.99% of the stock is currently owned by 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.