2 weeks Ago By ABMN Staff
Mitsubishi UFJ Trust & Banking Corp cut its holdings in Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 3,833,270 shares of the information services provider’s stock after selling 152,377 shares during the quarter. Alphabet comprises about 1.7% of Mitsubishi UFJ Trust & Banking Corp’s investment portfolio, making the stock its 6th biggest holding.
Mitsubishi UFJ Trust & Banking Corp’s holdings in Alphabet were worth $725,638,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently bought and sold shares of GOOGL. Bennett Selby Investments LP lifted its position in shares of Alphabet by 4.
0% in the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider’s stock worth $256,000 after purchasing an additional 52 shares in the last quarter. Macroview Investment Management LLC boosted its stake in shares of Alphabet by 4.
2% during the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider’s stock worth $245,000 after buying an additional 52 shares during the last quarter. Conrad Siegel Investment Advisors Inc.
boosted its stake in shares of Alphabet by 0.5% during the 4th quarter. Conrad Siegel Investment Advisors Inc.
now owns 9,845 shares of the information services provider’s stock worth $1,864,000 after buying an additional 53 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Alphabet by 2.3% in the 4th quarter.
Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider’s stock valued at $457,000 after acquiring an additional 53 shares in the last quarter. Finally, Addison Advisors LLC raised its holdings in Alphabet by 0.7% during the fourth quarter.
Addison Advisors LLC now owns 7,527 shares of the information services provider’s stock worth $1,425,000 after acquiring an additional 53 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling In other news, CAO Amie Thuener O’toole sold 673 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.
09. Following the sale, the chief accounting officer now directly owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99.
This represents a 4.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website .
Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.
53, for a total transaction of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company’s stock, valued at $1,293,285.
89. This represents a 2.50 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold a total of 119,797 shares of company stock valued at $21,089,470 over the last 90 days. 11.
55% of the stock is owned by insiders. Alphabet Trading Down 3.4 % Alphabet ( NASDAQ:GOOGL – Get Free Report ) last released its quarterly earnings data on Tuesday, February 4th.
The information services provider reported $2.15 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Alphabet Inc. will post 8.
9 EPS for the current fiscal year. Alphabet Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.
20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.
80 dividend on an annualized basis and a dividend yield of 0.55%. Alphabet’s dividend payout ratio (DPR) is presently 9.
94%. Wall Street Analysts Forecast Growth Several brokerages recently commented on GOOGL. Wells Fargo & Company reduced their price target on Alphabet from $184.
00 to $167.00 and set an “equal weight” rating for the company in a research report on Monday, March 31st. Roth Mkm reaffirmed a “buy” rating and set a $220.
00 price target on shares of Alphabet in a research report on Wednesday, March 19th. JMP Securities restated a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $210.
00 price target on shares of Alphabet in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Alphabet from $232.
00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company.
According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $209.13. View Our Latest Research Report on Alphabet Alphabet Profile ( Free Report ) 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. Read More Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.
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