AMF Tjanstepension AB Sells 3,214 Shares of Alphabet Inc. (NASDAQ:GOOGL)

AMF Tjanstepension AB decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,291,708 shares of the information services provider’s stock after selling 3,214 shares during the period. Alphabet accounts for 1.5% of AMF Tjanstepension AB’s portfolio, making the stock its 17th largest position. AMF Tjanstepension AB’s holdings in Alphabet were worth $194,957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. Ameliora Wealth Management Ltd. grew its holdings in Alphabet by 1.4% during the 1st quarter. Ameliora Wealth Management Ltd. now owns 19,849 shares of the information services provider’s stock worth $2,996,000 after acquiring an additional 271 shares during the period. LongView Wealth Management boosted its position in shares of Alphabet by 2.6% in the 1st quarter. LongView Wealth Management now owns 6,192 shares of the information services provider’s stock worth $935,000 after purchasing an additional 157 shares during the last quarter. Register Financial Advisors LLC grew its stake in shares of Alphabet by 19.8% during the first quarter. Register Financial Advisors LLC now owns 2,422 shares of the information services provider’s stock worth $366,000 after purchasing an additional 400 shares during the period. Capital Asset Advisory Services LLC increased its holdings in Alphabet by 7.1% in the first quarter. Capital Asset Advisory Services LLC now owns 55,493 shares of the information services provider’s stock valued at $8,463,000 after purchasing an additional 3,672 shares during the last quarter. Finally, Indiana Trust & Investment Management CO lifted its stake in Alphabet by 0.5% in the first quarter. Indiana Trust & Investment Management CO now owns 48,914 shares of the information services provider’s stock valued at $7,383,000 after buying an additional 261 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the transaction, the director now owns 7,991 shares in the company, valued at $1,275,043.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The disclosure for this sale can be found here. Insiders have sold 143,026 shares of company stock valued at $24,026,243 over the last ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Trading Down 1.8 %

Alphabet stock opened at $182.15 on Monday. The stock has a 50-day simple moving average of $172.85 and a 200 day simple moving average of $154.44. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 27.94, a PEG ratio of 1.37 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet Inc. has a 52 week low of $115.35 and a 52 week high of $186.05.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS 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 the consensus estimate of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period in the previous year, the company posted $1.17 EPS. Analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Alphabet’s dividend payout ratio is currently 12.27%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Tigress Financial upped their price target on Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Friday, May 24th. Royal Bank of Canada increased their target price on shares of Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. KeyCorp boosted their price target on shares of Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Argus raised their price objective on Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Roth Mkm boosted their target price on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Six equities research 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 company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $193.66.

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.