Alphabet Inc. (NASDAQ:GOOGL) is Menora Mivtachim Holdings LTD.’s 3rd Largest Position

Menora Mivtachim Holdings LTD. cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,675,862 shares of the information services provider’s stock after selling 234,097 shares during the period. Alphabet makes up 5.5% of Menora Mivtachim Holdings LTD.’s portfolio, making the stock its 3rd largest position. Menora Mivtachim Holdings LTD.’s holdings in Alphabet were worth $885,141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Compass Planning Associates Inc purchased a new stake in Alphabet during the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter valued at about $39,000. PayPay Securities Corp raised its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Alphabet in the 4th quarter worth approximately $53,000. 40.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Truist Financial dropped their price target on Alphabet from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday. Piper Sandler reduced their price target on shares of Alphabet from $208.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Cantor Fitzgerald decreased their target price on Alphabet from $200.00 to $159.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Morgan Stanley dropped their price target on Alphabet from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.74.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the transaction, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,663 shares of company stock worth $20,286,447. 11.55% of the stock is owned by company insiders.

Alphabet Trading Down 1.5 %

Alphabet stock opened at $151.08 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.84 trillion, a P/E ratio of 18.77, a P/E/G ratio of 1.34 and a beta of 1.03. The business has a 50-day simple moving average of $165.82 and a two-hundred day simple moving average of $175.88. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Alphabet Profile

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.