Alphabet Inc. (NASDAQ:GOOGL) Stock Position Lessened by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096,220 shares of the information services provider’s stock after selling 7,700 shares during the period. Alphabet accounts for approximately 2.1% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s portfolio, making the stock its 6th largest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Alphabet were worth $207,514,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pettinga Financial Advisors LLC raised its position in shares of Alphabet by 10.1% in the third quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock valued at $363,000 after buying an additional 201 shares during the last quarter. Ellis Investment Partners LLC raised its position in shares of Alphabet by 0.5% in the third quarter. Ellis Investment Partners LLC now owns 29,361 shares of the information services provider’s stock valued at $4,869,000 after buying an additional 157 shares during the last quarter. OMNI 360 Wealth Inc. raised its position in shares of Alphabet by 42.4% in the third quarter. OMNI 360 Wealth Inc. now owns 3,488 shares of the information services provider’s stock valued at $578,000 after buying an additional 1,039 shares during the last quarter. Motiv8 Investments LLC raised its position in shares of Alphabet by 4.7% in the third quarter. Motiv8 Investments LLC now owns 5,434 shares of the information services provider’s stock valued at $901,000 after buying an additional 242 shares during the last quarter. Finally, First Financial Bankshares Inc increased its position in Alphabet by 1.4% during the third quarter. First Financial Bankshares Inc now owns 409,273 shares of the information services provider’s stock worth $67,878,000 after purchasing an additional 5,638 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research analyst reports. Morgan Stanley dropped their price target on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Piper Sandler dropped their price objective on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective on the stock. in a report on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, JMP Securities reissued a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.62.

Alphabet Stock Performance

GOOGL stock opened at $173.86 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $2.12 trillion, a P/E ratio of 21.60, a P/E/G ratio of 1.34 and a beta of 1.02. The firm has a 50 day simple moving average of $188.21 and a 200 day simple moving average of $176.47. Alphabet Inc. has a 52 week low of $134.00 and a 52 week high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. Research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,316 shares of company stock worth $25,062,887. 11.55% 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.