Mn Services Vermogensbeheer B.V. Lowers Position in Alphabet Inc. (NASDAQ:GOOGL)

Mn Services Vermogensbeheer B.V. reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,977,260 shares of the information services provider’s stock after selling 44,000 shares during the period. Alphabet accounts for about 2.3% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 5th largest position. Mn Services Vermogensbeheer B.V.’s holdings in Alphabet were worth $327,929,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. PDS Planning Inc boosted its holdings in shares of Alphabet by 3.5% in the 3rd quarter. PDS Planning Inc now owns 29,860 shares of the information services provider’s stock valued at $4,952,000 after buying an additional 1,009 shares in the last quarter. Garrison Asset Management LLC boosted its holdings in shares of Alphabet by 2.8% in the 3rd quarter. Garrison Asset Management LLC now owns 3,977 shares of the information services provider’s stock valued at $660,000 after buying an additional 107 shares in the last quarter. Leeward Financial Partners LLC raised its position in shares of Alphabet by 4.4% in the 3rd quarter. Leeward Financial Partners LLC now owns 32,274 shares of the information services provider’s stock valued at $5,353,000 after purchasing an additional 1,350 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Alphabet by 3.7% in the 3rd quarter. QRG Capital Management Inc. now owns 1,015,455 shares of the information services provider’s stock valued at $168,413,000 after purchasing an additional 35,901 shares during the last quarter. Finally, National Pension Service raised its position in shares of Alphabet by 14.8% in the 3rd quarter. National Pension Service now owns 11,282,407 shares of the information services provider’s stock valued at $1,871,187,000 after purchasing an additional 1,450,659 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the sale, the director now owns 319,966 shares of the company’s stock, valued at $56,765,168.06. This represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the sale, the chief executive officer now directly owns 2,159,885 shares of the company’s stock, valued at $362,126,319.10. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,795 shares of company stock valued at $34,471,141 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $217.00 price objective (up from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Evercore ISI increased their price objective on shares of Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial increased their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Guggenheim increased their price objective on shares of Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $205.90.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $172.49 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company has a fifty day moving average of $165.61 and a two-hundred day moving average of $170.22. The stock has a market capitalization of $2.11 trillion, a PE ratio of 22.88, a P/E/G ratio of 1.23 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $127.90 and a fifty-two week high of $191.75.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the prior year, the business posted $1.55 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, December 9th. Alphabet’s payout ratio is 10.61%.

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.