Banco Bilbao Vizcaya Argentaria S.A. Sells 150,394 Shares of Alphabet Inc. $GOOG

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 13.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 935,043 shares of the information services provider’s stock after selling 150,394 shares during the quarter. Alphabet makes up approximately 1.5% of Banco Bilbao Vizcaya Argentaria S.A.’s portfolio, making the stock its 13th biggest holding. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Alphabet were worth $165,855,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC grew its position in shares of Alphabet by 580,897.4% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock valued at $23,963,208,000 after purchasing an additional 135,064,454 shares in the last quarter. Nuveen LLC bought a new position in shares of Alphabet in the first quarter worth $2,622,943,000. Vanguard Group Inc. raised its position in shares of Alphabet by 2.4% in the first quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider’s stock worth $64,299,725,000 after buying an additional 9,687,855 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Alphabet by 9.9% during the first quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider’s stock valued at $15,971,861,000 after buying an additional 9,243,959 shares during the period. Finally, Strs Ohio purchased a new position in Alphabet during the first quarter worth about $369,713,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at $4,236,785. The trade was a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 17,816 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the sale, the insider directly owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 221,796 shares of company stock worth $53,983,001 in the last ninety days. 12.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research analyst reports. Mizuho set a $325.00 price target on Alphabet in a research report on Thursday, October 30th. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 target price on shares of Alphabet in a research note on Thursday, October 30th. Robert W. Baird boosted their price target on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research note on Monday, September 22nd. DA Davidson set a $825.00 price target on shares of Alphabet in a report on Monday, October 27th. Finally, HSBC reaffirmed a “buy” rating and set a $335.00 price objective on shares of Alphabet in a report on Thursday, October 30th. Six analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $324.81.

Alphabet Price Performance

Shares of Alphabet stock opened at $279.12 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $292.36. The company has a fifty day moving average of $257.00 and a 200-day moving average of $208.69. The stock has a market capitalization of $3.37 trillion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The company had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. During the same quarter last year, the company earned $2.12 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. Equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, December 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio is currently 8.28%.

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.