Andra AP fonden Has $52.78 Million Stock Holdings in Alphabet Inc. $GOOGL

Andra AP fonden boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 299,512 shares of the information services provider’s stock after buying an additional 1,495 shares during the period. Alphabet makes up approximately 0.7% of Andra AP fonden’s holdings, making the stock its 21st biggest holding. Andra AP fonden’s holdings in Alphabet were worth $52,783,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in Alphabet during the 1st quarter worth about $4,317,606,000. Vanguard Group Inc. lifted its holdings in shares of Alphabet by 2.9% in the first quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider’s stock valued at $78,839,544,000 after purchasing an additional 14,307,345 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Alphabet by 11.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 43,865,520 shares of the information services provider’s stock worth $6,783,364,000 after buying an additional 4,473,901 shares during the period. Amundi grew its holdings in shares of Alphabet by 11.8% during the first quarter. Amundi now owns 33,403,871 shares of the information services provider’s stock worth $5,034,992,000 after buying an additional 3,537,173 shares in the last quarter. Finally, Evergreen Quality Fund GP Ltd. raised its position in Alphabet by 178.3% in the 1st quarter. Evergreen Quality Fund GP Ltd. now owns 4,003,900 shares of the information services provider’s stock valued at $619,163,000 after buying an additional 2,565,400 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GOOGL shares. Bank of America upped their price target on Alphabet from $280.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. DZ Bank reaffirmed a “buy” rating on shares of Alphabet in a research report on Thursday, October 30th. China Renaissance lifted their price target on shares of Alphabet from $207.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, October 31st. CIBC increased their price objective on shares of Alphabet to $315.00 in a research note on Monday, October 20th. Finally, Canaccord Genuity Group raised their price objective on Alphabet from $270.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $304.10.

Alphabet Stock Up 3.1%

Shares of GOOGL stock opened at $285.02 on Tuesday. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $293.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $3.44 trillion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.86 and a beta of 1.05. The firm’s 50-day moving average is $258.26 and its 200-day moving average is $210.16.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. Sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s dividend payout ratio is 8.28%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 954 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $282.33, for a total value of $269,342.82. Following the transaction, the chief accounting officer directly owned 14,517 shares of the company’s stock, valued at $4,098,584.61. This represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $291.80, for a total transaction of $32,681.60. Following the sale, the director directly owned 18,004 shares of the company’s stock, valued at $5,253,567.20. The trade was a 0.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 222,396 shares of company stock worth $54,151,037. Company insiders own 11.64% of the company’s stock.

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.