Alphabet Inc. $GOOGL Shares Sold by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 19.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,120 shares of the information services provider’s stock after selling 11,693 shares during the period. Alphabet makes up approximately 0.9% of Generali Investments CEE investicni spolecnost a.s.’s portfolio, making the stock its 23rd biggest position. Generali Investments CEE investicni spolecnost a.s.’s holdings in Alphabet were worth $11,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of GOOGL. Accelerate Investment Advisors LLC increased its position in shares of Alphabet by 12.3% during the third quarter. Accelerate Investment Advisors LLC now owns 3,766 shares of the information services provider’s stock valued at $915,000 after acquiring an additional 411 shares during the last quarter. Capital Insight Partners LLC raised its position in Alphabet by 2.8% in the third quarter. Capital Insight Partners LLC now owns 45,043 shares of the information services provider’s stock valued at $10,950,000 after purchasing an additional 1,226 shares during the period. Thomas Story & Son LLC lifted its stake in Alphabet by 1.3% during the third quarter. Thomas Story & Son LLC now owns 41,197 shares of the information services provider’s stock worth $10,015,000 after purchasing an additional 510 shares in the last quarter. Hixon Zuercher LLC boosted its position in shares of Alphabet by 9.5% during the third quarter. Hixon Zuercher LLC now owns 30,683 shares of the information services provider’s stock worth $7,459,000 after buying an additional 2,669 shares during the period. Finally, TCI Wealth Advisors Inc. grew its stake in shares of Alphabet by 3.4% in the third quarter. TCI Wealth Advisors Inc. now owns 18,336 shares of the information services provider’s stock valued at $4,458,000 after buying an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $308.19, for a total transaction of $184,914.00. Following the sale, the director owned 3,916 shares of the company’s stock, valued at approximately $1,206,872.04. The trade was a 13.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the transaction, the chief accounting officer owned 8,962 shares in the company, valued at $2,798,832.60. The trade was a 23.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 226,128 shares of company stock valued at $63,183,331 over the last 90 days. Company insiders own 11.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GOOGL. CIBC raised their target price on Alphabet to $315.00 in a report on Monday, October 20th. Wells Fargo & Company raised their price objective on shares of Alphabet from $236.00 to $268.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. UBS Group reaffirmed a “neutral” rating and set a $306.00 target price (up from $255.00) on shares of Alphabet in a research note on Thursday, October 30th. Citizens Jmp upped their price target on Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Finally, Wedbush restated an “outperform” rating and issued a $350.00 price objective (up from $320.00) on shares of Alphabet in a report on Friday, December 19th. Four investment analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $315.90.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $314.06 on Friday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $328.83. The company has a 50-day moving average price of $294.39 and a 200 day moving average price of $237.80. The company has a market cap of $3.79 trillion, a P/E ratio of 30.97, a PEG ratio of 1.81 and a beta of 1.07. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. Research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 8.28%.

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.