Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Lowered by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lessened its position in Alphabet Inc. (NASDAQ:GOOG) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 274,084 shares of the information services provider’s stock after selling 36,004 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Alphabet were worth $52,292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Seven Mile Advisory raised its stake in shares of Alphabet by 15.0% during the fourth quarter. Seven Mile Advisory now owns 15,732 shares of the information services provider’s stock valued at $2,996,000 after purchasing an additional 2,050 shares in the last quarter. Summit Financial LLC increased its stake in Alphabet by 8.2% during the 4th quarter. Summit Financial LLC now owns 49,101 shares of the information services provider’s stock valued at $9,351,000 after buying an additional 3,742 shares during the period. AIA Group Ltd raised its position in shares of Alphabet by 7.3% during the 4th quarter. AIA Group Ltd now owns 102,646 shares of the information services provider’s stock worth $19,548,000 after buying an additional 7,017 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its stake in shares of Alphabet by 4.6% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 16,715 shares of the information services provider’s stock worth $3,183,000 after acquiring an additional 734 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Alphabet by 11.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 8,401 shares of the information services provider’s stock valued at $1,598,000 after acquiring an additional 846 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 1,368 shares of Alphabet stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $3,961,445.55. The trade was a 6.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares of the company’s stock, valued at $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,992 shares of company stock worth $16,097,111 in the last three months. 12.99% of the stock is owned by insiders.

Alphabet Stock Performance

Shares of GOOG opened at $156.06 on Monday. Alphabet Inc. has a 52 week low of $148.20 and a 52 week high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $1.90 trillion, a PE ratio of 19.39, a PEG ratio of 1.34 and a beta of 1.03. The company’s 50 day moving average price is $181.53 and its 200 day moving average price is $178.69.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analyst Upgrades and Downgrades

GOOG has been the subject of several research reports. Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. Scotiabank increased their target price on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer increased their price objective on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $208.56.

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.