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

Generali Investments CEE investicni spolecnost a.s. trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 19.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,120 shares of the information services provider’s stock after selling 11,693 shares during the period. Alphabet accounts for about 0.9% of Generali Investments CEE investicni spolecnost a.s.’s investment portfolio, making the stock its 23rd largest position. Generali Investments CEE investicni spolecnost a.s.’s holdings in Alphabet were worth $11,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Alphabet in the 2nd quarter valued at approximately $21,944,208,000. Laurel Wealth Advisors LLC increased its position in Alphabet by 17,667.7% during the second quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock worth $2,686,640,000 after buying an additional 15,159,273 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Alphabet by 51.7% in the second quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider’s stock worth $5,607,232,000 after acquiring an additional 10,843,853 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Alphabet by 1.3% in the second quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock valued at $91,033,300,000 after acquiring an additional 6,733,278 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Alphabet by 201.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 6,547,250 shares of the information services provider’s stock valued at $1,153,824,000 after acquiring an additional 4,374,542 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $314.06 on Friday. The firm’s fifty day simple moving average is $294.39 and its 200 day simple moving average is $237.80. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $328.83. The firm has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.81 and a beta of 1.07.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The company had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GOOGL shares. Mizuho set a $325.00 target price on shares of Alphabet in a research note on Thursday, October 30th. Oppenheimer boosted their price objective on shares of Alphabet from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Piper Sandler restated an “overweight” rating and set a $365.00 target price (up previously from $330.00) on shares of Alphabet in a research report on Thursday, December 11th. Citizens Jmp boosted their price target on Alphabet from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Finally, UBS Group reissued a “neutral” rating and set a $306.00 price target (up previously from $255.00) on shares of Alphabet in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $315.90.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $283.48, for a total value of $9,213,100.00. Following the completion of the sale, the chief executive officer owned 2,337,119 shares of the company’s stock, valued at $662,526,494.12. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total transaction of $694,638.90. Following the transaction, the chief accounting officer directly owned 14,516 shares in the company, valued at approximately $3,629,725.80. The trade was a 16.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 226,128 shares of company stock worth $63,183,331 in the last 90 days. 11.64% of the stock is owned by company insiders.

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.