Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,111 shares of the information services provider’s stock after selling 1,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Alphabet were worth $7,257,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. BSN CAPITAL PARTNERS Ltd lifted its stake in shares of Alphabet by 189.8% in the fourth quarter. BSN CAPITAL PARTNERS Ltd now owns 300,000 shares of the information services provider’s stock worth $57,045,000 after acquiring an additional 196,470 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Alphabet by 4.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 688,178 shares of the information services provider’s stock worth $131,057,000 after buying an additional 29,831 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Alphabet by 80.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,251,611 shares of the information services provider’s stock worth $238,370,000 after purchasing an additional 558,040 shares during the period. Telligent Fund LP acquired a new position in shares of Alphabet during the fourth quarter valued at $1,524,000. Finally, RNC Capital Management LLC increased its stake in shares of Alphabet by 7.4% in the fourth quarter. RNC Capital Management LLC now owns 80,687 shares of the information services provider’s stock valued at $15,366,000 after purchasing an additional 5,570 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 0.6 %

Shares of GOOG opened at $188.20 on Tuesday. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $208.70. The firm has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 1.39 and a beta of 1.00. The stock’s 50-day moving average price is $193.12 and its 200 day moving average price is $176.14. The company has a quick ratio of 1.95, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.43%. Alphabet’s dividend payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GOOG. Oppenheimer upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Pivotal Research upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays lifted their price target on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. UBS Group boosted their price target on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Canaccord Genuity Group raised their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the transaction, the chief executive officer now directly owns 2,061,806 shares in the company, valued at $364,259,266.02. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,529 shares of company stock worth $16,600,078. Corporate insiders own 12.99% of the company’s stock.

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.