Alphabet Inc. $GOOGL Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 558,275 shares of the information services provider’s stock after purchasing an additional 12,800 shares during the quarter. Alphabet comprises about 5.6% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio, making the stock its 4th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Alphabet were worth $135,694,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Financial Gravity Companies Inc. acquired a new stake in shares of Alphabet in the 2nd quarter worth approximately $31,000. iSAM Funds UK Ltd acquired a new position in shares of Alphabet during the third quarter valued at approximately $53,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Alphabet during the third quarter worth approximately $53,000. Corsicana & Co. bought a new stake in Alphabet during the third quarter worth approximately $54,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Alphabet in the third quarter worth approximately $63,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 1.8%

Shares of Alphabet stock opened at $310.92 on Wednesday. The firm has a market cap of $3.76 trillion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 1.79 and a beta of 1.10. The stock has a 50-day simple moving average of $318.83 and a 200-day simple moving average of $291.74. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00. 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 released its quarterly earnings data 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. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. On average, equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were paid 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 presently 7.77%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

Insider Activity

In other Alphabet news, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the sale, the director owned 18,418 shares of the company’s stock, valued at $5,580,469.82. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the completion of the sale, the chief executive officer directly owned 1,674,560 shares of the company’s stock, valued at approximately $508,028,012.80. This trade represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,076,615 shares of company stock worth $107,809,111 over the last 90 days. Company insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of research reports. Tigress Financial set a $415.00 price objective on Alphabet and gave the stock a “strong-buy” rating in a research note on Thursday, February 19th. HSBC increased their target price on shares of Alphabet from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Loop Capital raised their target price on shares of Alphabet from $320.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Citizens Jmp restated a “market outperform” rating and issued a $385.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Finally, Daiwa Securities Group lifted their price target on Alphabet from $333.00 to $380.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $367.18.

View Our Latest Stock Report on GOOGL

Alphabet 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.

Featured Stories

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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