Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 20.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,763,550 shares of the information services provider’s stock after selling 951,834 shares during the quarter. Alphabet comprises 2.8% of Temasek Holdings Private Ltd’s holdings, making the stock its 12th biggest position. Temasek Holdings Private Ltd’s holdings in Alphabet were worth $712,440,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Compass Planning Associates Inc acquired a new stake in shares of Alphabet in the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. purchased a new position in Alphabet during the fourth quarter worth approximately $39,000. PayPay Securities Corp boosted its holdings in shares of Alphabet by 36.1% in 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 last quarter. Finally, Anderson Financial Strategies LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Up 1.4%

GOOGL opened at $166.19 on Friday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $2.02 trillion, a PE ratio of 20.64, a P/E/G ratio of 1.34 and a beta of 1.01. The firm’s fifty day moving average price is $158.21 and its 200 day moving average price is $175.01.

Alphabet (NASDAQ:GOOGL) last released its earnings results 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 net margin of 28.60% and a return on equity of 32.49%. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. As a group, research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

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

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,824 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total value of $529,302.32. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at approximately $2,815,948.32. The trade was a 15.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This trade represents a 2.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 179,324 shares of company stock worth $30,153,353 over the last quarter. 11.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on GOOGL shares. Mizuho cut their target price on Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Alphabet in a report on Wednesday, April 23rd. Tigress Financial increased their target price on shares of Alphabet from $220.00 to $240.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, April 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $200.00 price target (down from $230.00) on shares of Alphabet in a research report on Thursday, April 17th. Finally, Susquehanna dropped their price objective on shares of Alphabet from $225.00 to $220.00 and set a “positive” rating for the company in a research report on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $199.75.

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.