180,332 Shares in Alphabet Inc. $GOOGL Bought by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 180,332 shares of the information services provider’s stock, valued at approximately $43,839,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of GOOGL. Financial Gravity Companies Inc. purchased a new position in shares of Alphabet during the second quarter valued at about $31,000. iSAM Funds UK Ltd bought a new stake in shares of Alphabet in the third quarter worth about $53,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Alphabet in the third quarter worth about $53,000. Corsicana & Co. purchased a new stake in shares of Alphabet in the third quarter worth about $54,000. Finally, Sellwood Investment Partners LLC bought a new position in Alphabet during the third quarter valued at approximately $63,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Trading Up 1.8%

Shares of GOOGL stock opened at $310.92 on Wednesday. The company has a market cap of $3.76 trillion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 1.79 and a beta of 1.10. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The stock’s 50 day simple moving average is $318.83 and its two-hundred day simple moving average is $291.74. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. Research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 7.77%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Jefferies Financial Group raised their price target on Alphabet from $365.00 to $400.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Pivotal Research upped their price objective on Alphabet from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Raymond James Financial upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada raised their target price on shares of Alphabet from $375.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, UBS Group set a $348.00 price target on shares of Alphabet and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $367.18.

View Our Latest Research Report on Alphabet

Insider Activity

In other news, insider John Kent Walker sold 47,574 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the sale, the insider owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 955 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the sale, the chief accounting officer owned 9,918 shares of the company’s stock, valued at $2,955,564. This trade represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,076,615 shares of company stock valued at $107,809,111 over the last ninety days. 11.55% of the stock is owned by corporate insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

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.

Recommended Stories

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.