Alphabet Inc. $GOOG Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,611,180 shares of the information services provider’s stock after purchasing an additional 20,100 shares during the period. Alphabet comprises approximately 2.5% of Mn Services Vermogensbeheer B.V.’s investment portfolio, making the stock its 8th biggest holding. Mn Services Vermogensbeheer B.V.’s holdings in Alphabet were worth $392,403,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Latitude Advisors LLC bought a new position in Alphabet in the third quarter valued at $279,000. Dash Acquisitions Inc. boosted its stake in shares of Alphabet by 0.3% during the 3rd quarter. Dash Acquisitions Inc. now owns 165,881 shares of the information services provider’s stock worth $40,400,000 after buying an additional 533 shares during the last quarter. Providence Wealth Advisors LLC grew its holdings in shares of Alphabet by 6.1% in the 3rd quarter. Providence Wealth Advisors LLC now owns 10,450 shares of the information services provider’s stock valued at $2,805,000 after acquiring an additional 605 shares in the last quarter. UniSuper Management Pty Ltd increased its position in shares of Alphabet by 0.7% in the third quarter. UniSuper Management Pty Ltd now owns 1,319,624 shares of the information services provider’s stock valued at $321,394,000 after acquiring an additional 8,965 shares during the last quarter. Finally, Drive Wealth Management LLC raised its holdings in Alphabet by 0.6% during the third quarter. Drive Wealth Management LLC now owns 20,383 shares of the information services provider’s stock worth $4,964,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $338.53 on Friday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $342.29. The company has a market capitalization of $4.09 trillion, a price-to-earnings ratio of 33.39, a PEG ratio of 1.86 and a beta of 1.09. The company has a 50-day simple moving average of $320.91 and a 200 day simple moving average of $265.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

Alphabet (NASDAQ:GOOGGet Free Report) last released its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The firm had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. During the same period in the prior year, the firm earned $2.12 EPS. The business’s revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Analyst Ratings Changes

A number of research analysts have weighed in on GOOG shares. Truist Financial set a $350.00 price target on Alphabet in a research note on Friday, December 5th. Mizuho set a $325.00 target price on shares of Alphabet in a research note on Thursday, October 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $365.00 price target on shares of Alphabet in a research report on Monday, January 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $375.00 price objective on shares of Alphabet in a research report on Thursday, January 15th. Finally, DA Davidson set a $300.00 price objective on shares of Alphabet in a research note on Tuesday, November 25th. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Buy” and a consensus price target of $330.83.

Read Our Latest Research Report on GOOG

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $327.30, for a total value of $10,637,250.00. Following the transaction, the chief executive officer directly owned 2,211,872 shares of the company’s stock, valued at $723,945,705.60. This represents a 1.45% decrease in their position. The sale was disclosed in a 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 on Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,070,485 shares of company stock worth $104,428,169 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Profile

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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