Triglav Skladi D.O.O. Acquires New Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Triglav Skladi D.O.O. acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 220,215 shares of the information services provider’s stock, valued at approximately $41,687,000. Alphabet makes up 3.3% of Triglav Skladi D.O.O.’s portfolio, making the stock its 8th largest holding.

A number of other institutional investors have also made changes to their positions in the stock. Compass Planning Associates Inc bought a new stake in Alphabet during the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new stake in Alphabet during the 4th quarter valued at approximately $39,000. PayPay Securities Corp boosted its stake 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 period. Finally, Anderson Financial Strategies LLC bought a new stake in Alphabet during the 4th quarter valued at approximately $49,000. 40.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on GOOGL shares. DA Davidson decreased their target price on Alphabet from $200.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Wedbush set a $190.00 target price on Alphabet and gave the company an “outperform” rating in a research note on Tuesday, April 15th. Jefferies Financial Group reduced their price objective on Alphabet from $235.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, March 31st. DZ Bank downgraded Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a research report on Thursday, February 6th. Finally, Wells Fargo & Company raised their price objective on Alphabet from $167.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.75.

Alphabet Trading Up 1.4%

Shares of GOOGL opened at $166.19 on Monday. The stock has a fifty day moving average price of $158.21 and a two-hundred day moving average price of $175.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.34 and a beta of 1.01.

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

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 29,066 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were 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 owns 2,652,696 shares of the company’s stock, valued at $413,555,306.40. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 179,324 shares of company stock valued at $30,153,353. Company insiders own 11.64% of the company’s stock.

About Alphabet

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.