Generali Investments CEE investicni spolecnost a.s. Takes $9.77 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 51,600 shares of the information services provider’s stock, valued at approximately $9,768,000. Alphabet accounts for 1.0% of Generali Investments CEE investicni spolecnost a.s.’s holdings, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pettinga Financial Advisors LLC lifted its holdings 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 purchasing an additional 201 shares in the last quarter. Impax Asset Management Group plc raised its position in Alphabet by 6.8% in the 3rd quarter. Impax Asset Management Group plc now owns 728,575 shares of the information services provider’s stock valued at $120,834,000 after buying an additional 46,677 shares during the last quarter. David J Yvars Group lifted its stake in Alphabet by 16.3% during the 3rd quarter. David J Yvars Group now owns 4,290 shares of the information services provider’s stock valued at $712,000 after acquiring an additional 600 shares in the last quarter. WoodTrust Financial Corp boosted its holdings in Alphabet by 1.0% during the 3rd quarter. WoodTrust Financial Corp now owns 66,226 shares of the information services provider’s stock worth $10,984,000 after acquiring an additional 682 shares during the last quarter. Finally, BNC Wealth Management LLC boosted its holdings in Alphabet by 3.5% during the 3rd quarter. BNC Wealth Management LLC now owns 65,616 shares of the information services provider’s stock worth $10,882,000 after acquiring an additional 2,243 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $162.80 on Friday. Alphabet Inc. has a 12-month low of $146.90 and a 12-month high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.98 trillion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The stock has a 50-day moving average price of $183.13 and a 200-day moving average price of $176.37.

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

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Alphabet’s payout ratio is 9.94%.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price on the stock. in a research report on Thursday, February 6th. Morgan Stanley reduced their target price on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Wolfe Research increased their price target on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Thursday, December 12th. Ten investment 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. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $210.59.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 1,368 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock valued at $17,374,274 over the last quarter. 11.55% of the stock is owned by corporate insiders.

About Alphabet

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.