Natixis Investment Managers International Has $45.24 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Natixis Investment Managers International raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 323,823 shares of the information services provider’s stock after purchasing an additional 38,371 shares during the period. Alphabet accounts for about 3.2% of Natixis Investment Managers International’s portfolio, making the stock its 6th biggest position. Natixis Investment Managers International’s holdings in Alphabet were worth $45,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Alphabet in the 4th quarter worth about $15,441,917,000. FMR LLC boosted its position in Alphabet by 5.6% during the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock valued at $29,746,764,000 after purchasing an additional 12,070,681 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of Alphabet by 39,754.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 6,025,667 shares of the information services provider’s stock valued at $841,725,000 after buying an additional 6,010,548 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Alphabet by 4,894.1% in the 4th quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock worth $7,606,670,000 after buying an additional 5,336,359 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Alphabet in the third quarter valued at approximately $634,465,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Down 1.3 %

Shares of NASDAQ:GOOGL opened at $174.46 on Monday. Alphabet Inc. has a 1 year low of $115.35 and a 1 year high of $178.77. The firm’s 50-day moving average is $165.81 and its two-hundred day moving average is $149.72. The firm has a market capitalization of $2.16 trillion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same quarter last year, the company earned $1.17 EPS. Analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GOOGL shares. Citigroup raised their price objective on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Mizuho increased their price target on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada raised their target price on Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Roth Mkm upped their price objective on Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Morgan Stanley reissued an “overweight” rating and set a $195.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Five investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $191.57.

Read Our Latest Report on Alphabet

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 300 shares of Alphabet stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total transaction of $41,853.00. Following the sale, the director now directly owns 9,291 shares in the company, valued at approximately $1,296,187.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $176.58, for a total value of $3,973,050.00. Following the transaction, the chief executive officer now owns 2,235,511 shares in the company, valued at approximately $394,746,532.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 300 shares of Alphabet stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total value of $41,853.00. Following the completion of the transaction, the director now owns 9,291 shares in the company, valued at $1,296,187.41. The disclosure for this sale can be found here. Insiders sold 157,758 shares of company stock valued at $25,580,826 over the last three months. 11.55% of the stock is owned by corporate insiders.

Alphabet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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