Alphabet Inc. $GOOGL Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 853,740 shares of the information services provider’s stock after selling 90,829 shares during the period. Alphabet makes up 4.2% of ABN Amro Investment Solutions’ portfolio, making the stock its 3rd biggest position. ABN Amro Investment Solutions’ holdings in Alphabet were worth $207,544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Financial Gravity Companies Inc. acquired a new stake in Alphabet in the second quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Alphabet during the 3rd quarter valued at $53,000. Corsicana & Co. bought a new stake in shares of Alphabet in the 3rd quarter worth $54,000. Sellwood Investment Partners LLC bought a new stake in shares of Alphabet in the 3rd quarter worth $63,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Alphabet by 37.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock valued at $57,000 after buying an additional 89 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

Alphabet Stock Up 1.4%

GOOGL stock opened at $311.76 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market capitalization of $3.77 trillion, a P/E ratio of 28.84, a P/E/G ratio of 1.83 and a beta of 1.09. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00. The company’s 50 day simple moving average is $320.99 and its 200-day simple moving average is $282.77.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. As a group, equities research analysts anticipate 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, March 16th. Investors of record on Monday, March 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s payout ratio is presently 7.77%.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’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 completion of the sale, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. This trade represents a 23.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,112,482 shares of company stock valued at $119,145,289 over the last ninety days. Corporate insiders own 11.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GOOGL shares. Citizens Jmp reaffirmed a “market outperform” rating and set a $385.00 target price on shares of Alphabet in a report on Thursday, February 5th. DZ Bank restated a “buy” rating on shares of Alphabet in a research report on Monday, February 16th. Wedbush lifted their price objective on shares of Alphabet from $360.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Daiwa Securities Group increased their target price on shares of Alphabet from $333.00 to $380.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Royal Bank Of Canada raised their target price on shares of Alphabet from $375.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $366.57.

View Our Latest Analysis on GOOGL

Alphabet Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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