OMERS ADMINISTRATION Corp Purchases 12,529 Shares of Alphabet Inc. (NASDAQ:GOOGL)

OMERS ADMINISTRATION Corp boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,615,843 shares of the information services provider’s stock after acquiring an additional 12,529 shares during the period. Alphabet accounts for 4.3% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 4th biggest holding. OMERS ADMINISTRATION Corp’s holdings in Alphabet were worth $495,179,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GOOGL. JPMorgan Chase & Co. boosted its holdings in Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock valued at $10,559,240,000 after purchasing an additional 4,567,275 shares during the period. Regent Peak Wealth Advisors LLC lifted its stake in shares of Alphabet by 0.9% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 23,533 shares of the information services provider’s stock valued at $4,455,000 after buying an additional 207 shares during the period. Wealth Group Ltd. grew its position in Alphabet by 5.2% during the fourth quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider’s stock worth $299,000 after buying an additional 78 shares in the last quarter. Czech National Bank increased its stake in Alphabet by 6.2% during the fourth quarter. Czech National Bank now owns 1,267,139 shares of the information services provider’s stock valued at $239,869,000 after acquiring an additional 73,598 shares during the period. Finally, Paragon Advisors LLC raised its holdings in Alphabet by 20.9% in the 4th quarter. Paragon Advisors LLC now owns 29,759 shares of the information services provider’s stock valued at $5,633,000 after acquiring an additional 5,148 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $155.90, for a total value of $5,066,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,652,696 shares of the company’s stock, valued at $413,555,306.40. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 179,324 shares of company stock valued at $30,153,353 over the last 90 days. 11.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GOOGL. JPMorgan Chase & Co. cut their target price on Alphabet from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. KeyCorp increased their price objective on shares of Alphabet from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, April 23rd. Oppenheimer upped their target price on shares of Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 25th. Finally, Sanford C. Bernstein raised their target price on Alphabet from $165.00 to $185.00 and gave the stock a “market perform” rating in a research report on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.75.

Alphabet Trading Up 3.7%

Shares of NASDAQ:GOOGL opened at $158.46 on Tuesday. The firm has a market cap of $1.92 trillion, a price-to-earnings ratio of 19.68, a PEG ratio of 1.34 and a beta of 1.01. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company’s fifty day simple moving average is $158.63 and its 200 day simple moving average is $175.22.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a $0.21 dividend. The ex-dividend date is Monday, June 9th. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.53%. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Alphabet Company 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.