Alphabet Inc. $GOOGL is Bedrijfstakpensioenfonds Voor DE Media PNO’s 5th Largest Position

Bedrijfstakpensioenfonds Voor DE Media PNO decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 19.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 265,000 shares of the information services provider’s stock after selling 62,600 shares during the quarter. Alphabet comprises about 5.5% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 5th biggest holding. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Alphabet were worth $46,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GOOGL. Guardian Wealth Management Inc. grew its holdings in shares of Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after acquiring an additional 119 shares during the period. IMA Advisory Services Inc. bought a new stake in Alphabet during the first quarter valued at about $28,000. von Borstel & Associates Inc. bought a new stake in Alphabet during the first quarter valued at about $28,000. NBZ Investment Advisors LLC lifted its position in shares of Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 90 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of Alphabet in the first quarter valued at about $39,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $249.44, for a total value of $149,664.00. Following the completion of the sale, the director owned 5,716 shares of the company’s stock, valued at $1,425,799.04. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the sale, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at $4,236,785. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 258,088 shares of company stock worth $52,405,304. 11.64% of the stock is currently owned by company insiders.

Alphabet Trading Up 0.3%

Shares of NASDAQ GOOGL opened at $246.54 on Friday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $256.00. The company has a market cap of $2.98 trillion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.66 and a beta of 1.01. The business’s 50 day moving average price is $215.93 and its 200-day moving average price is $183.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion for the quarter, compared to analysts’ expectations of $93.60 billion. On average, sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is 8.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. KeyCorp boosted their price objective on Alphabet from $230.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Loop Capital reiterated a “hold” rating and issued a $190.00 target price (up from $165.00) on shares of Alphabet in a research report on Tuesday, August 5th. Citizens Jmp boosted their target price on Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. Westpark Capital boosted their target price on Alphabet from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on Alphabet from $200.00 to $232.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $233.44.

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.