Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Lessened by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 463,389 shares of the information services provider’s stock after selling 17,061 shares during the quarter. Alphabet comprises 1.9% of Elo Mutual Pension Insurance Co’s investment portfolio, making the stock its 10th biggest position. Elo Mutual Pension Insurance Co’s holdings in Alphabet were worth $88,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Weiss Asset Management LP acquired a new stake in shares of Alphabet in the third quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in Alphabet during the 4th quarter worth $27,000. Safe Harbor Fiduciary LLC purchased a new stake in Alphabet during the 3rd quarter valued at about $33,000. Mountain Hill Investment Partners Corp. purchased a new position in Alphabet in the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC acquired a new stake in Alphabet during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 3.3 %

Shares of NASDAQ:GOOG opened at $167.14 on Thursday. The firm has a 50 day simple moving average of $182.96 and a 200-day simple moving average of $178.36. Alphabet Inc. has a twelve month low of $148.20 and a twelve month high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.04 trillion, a PE ratio of 20.76, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insider Activity

In other news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,048 shares of company stock valued at $17,374,274. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GOOG shares. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wedbush reiterated an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Oppenheimer lifted their price objective on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $209.13.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.