Alphabet Inc. (NASDAQ:GOOGL) Holdings Reduced by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 154,696 shares of the information services provider’s stock after selling 22,224 shares during the period. Alphabet makes up about 2.3% of Amica Mutual Insurance Co.’s investment portfolio, making the stock its 5th largest holding. Amica Mutual Insurance Co.’s holdings in Alphabet were worth $21,609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meritage Group LP lifted its holdings in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares during the period. Macroview Investment Management LLC raised its holdings in Alphabet by 165.8% in the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the period. Armor Investment Advisors LLC raised its holdings in Alphabet by 31.0% in the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares during the period. IAG Wealth Partners LLC raised its holdings in Alphabet by 55.9% in the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares during the period. Finally, Valued Wealth Advisors LLC bought a new position in Alphabet in the 4th quarter worth $55,000. 40.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the sale, the chief executive officer now directly owns 2,280,511 shares of the company’s stock, valued at $380,389,234.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total value of $3,753,000.00. Following the sale, the chief executive officer now directly owns 2,280,511 shares of the company’s stock, valued at $380,389,234.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $149.73, for a total transaction of $119,784.00. Following the completion of the sale, the director now directly owns 7,164 shares in the company, valued at $1,072,665.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 252,629 shares of company stock valued at $37,091,240. 0.88% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $171.25 on Wednesday. The company has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. Alphabet Inc. has a 52 week low of $105.16 and a 52 week high of $174.71. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $151.40 and a 200 day moving average of $142.83.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 7.57 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, June 10th.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent research reports. Sanford C. Bernstein raised their target price on Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. KeyCorp raised their target price on Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Stifel Nicolaus raised their target price on Alphabet from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Friday, April 26th. TD Cowen raised their target price on Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Oppenheimer raised their target price on Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.60.

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.