AEGON ASSET MANAGEMENT UK Plc Grows Stock Holdings in Alphabet Inc. $GOOGL

AEGON ASSET MANAGEMENT UK Plc boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 967,055 shares of the information services provider’s stock after buying an additional 27,733 shares during the period. Alphabet makes up about 2.8% of AEGON ASSET MANAGEMENT UK Plc’s holdings, making the stock its 7th largest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in Alphabet were worth $235,110,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Financial Gravity Companies Inc. purchased a new stake in Alphabet in the second quarter valued at approximately $31,000. CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Alphabet by 36.4% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after buying an additional 67 shares during the last quarter. Corsicana & Co. purchased a new stake in shares of Alphabet during the 3rd quarter valued at $54,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Alphabet by 37.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after acquiring an additional 89 shares during the last quarter. Finally, S&T Bank PA grew its position in Alphabet by 40.2% in the second quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock worth $61,000 after acquiring an additional 99 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock opened at $324.32 on Tuesday. The company has a market capitalization of $3.91 trillion, a P/E ratio of 30.00, a PEG ratio of 1.78 and a beta of 1.09. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $349.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a 50 day moving average price of $321.80 and a two-hundred day moving average price of $272.22.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio is currently 7.77%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GOOGL shares. Royal Bank Of Canada raised their price target on Alphabet from $375.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. DA Davidson increased their price objective on Alphabet from $300.00 to $310.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Loop Capital raised Alphabet from a “hold” rating to a “buy” rating and raised their price objective for the company from $260.00 to $320.00 in a report on Tuesday, November 18th. China Renaissance boosted their target price on Alphabet from $330.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $375.00 price target (up from $330.00) on shares of Alphabet in a research report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $357.46.

Read Our Latest Research Report on Alphabet

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $335.18, for a total value of $10,893,350.00. Following the completion of the sale, the chief executive officer owned 2,179,372 shares in the company, valued at approximately $730,481,906.96. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 933 shares of Alphabet stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $336.55, for a total value of $314,001.15. Following the completion of the sale, the chief accounting officer owned 9,916 shares in the company, valued at approximately $3,337,229.80. This represents a 8.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,067,686 shares of company stock valued at $105,352,291 over the last ninety days. Corporate insiders own 11.55% of the company’s stock.

About Alphabet

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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