Alphabet Inc. (NASDAQ:GOOGL) is APEIRON CAPITAL Ltd’s 9th Largest Position

APEIRON CAPITAL Ltd trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,674 shares of the information services provider’s stock after selling 4,825 shares during the period. Alphabet comprises about 2.2% of APEIRON CAPITAL Ltd’s investment portfolio, making the stock its 9th largest position. APEIRON CAPITAL Ltd’s holdings in Alphabet were worth $4,743,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Compass Planning Associates Inc acquired a new position in shares of Alphabet during the 4th quarter valued at about $30,000. Anderson Financial Strategies LLC purchased a new stake in Alphabet in the fourth quarter valued at approximately $49,000. EQ Wealth Advisors LLC purchased a new stake in Alphabet in the first quarter valued at approximately $49,000. Navigoe LLC acquired a new position in Alphabet during the fourth quarter worth approximately $51,000. Finally, Prudent Man Investment Management Inc. purchased a new position in Alphabet during the fourth quarter worth approximately $53,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the transaction, the director now directly owns 7,613 shares of the company’s stock, valued at $1,232,544.70. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 673 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. This trade represents a 4.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 216,195 shares of company stock valued at $35,764,898 in the last quarter. Insiders own 11.64% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $178.53 on Friday. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The stock’s fifty day moving average is $166.45 and its 200-day moving average is $174.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.14 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The firm had revenue of $76.49 billion for the quarter, compared to analysts’ expectations of $89.30 billion. During the same quarter last year, the company earned $1.89 EPS. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a dividend of $0.21 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Westpark Capital restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Thursday, May 8th. Bank of America boosted their price target on Alphabet from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 25th. Needham & Company LLC restated a “buy” rating and issued a $178.00 price objective on shares of Alphabet in a report on Friday, April 25th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $172.00 price objective on shares of Alphabet in a research note on Friday. Finally, Tigress Financial increased their target price on shares of Alphabet from $220.00 to $240.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $199.95.

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.