1,095,567 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by DJE Kapital AG

DJE Kapital AG acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,095,567 shares of the information services provider’s stock, valued at approximately $209,347,000. Alphabet makes up 4.9% of DJE Kapital AG’s investment portfolio, making the stock its 3rd biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in GOOG. Swedbank AB boosted its position in Alphabet by 0.6% during the third quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock worth $1,394,181,000 after acquiring an additional 51,226 shares during the last quarter. New England Capital Financial Advisors LLC lifted its stake in shares of Alphabet by 13.3% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 632 shares of the information services provider’s stock worth $106,000 after purchasing an additional 74 shares during the period. Lutz Financial Services LLC boosted its holdings in shares of Alphabet by 9.8% during the third quarter. Lutz Financial Services LLC now owns 1,878 shares of the information services provider’s stock worth $314,000 after purchasing an additional 167 shares during the last quarter. National Pension Service grew its position in shares of Alphabet by 14.0% in the third quarter. National Pension Service now owns 9,903,537 shares of the information services provider’s stock valued at $1,655,772,000 after purchasing an additional 1,218,671 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Alphabet by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 2,075,112 shares of the information services provider’s stock valued at $346,938,000 after purchasing an additional 11,458 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Trading Up 2.3 %

GOOG opened at $172.61 on Wednesday. The firm’s 50 day moving average is $191.13 and its 200-day moving average is $177.93. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $208.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.10 trillion, a P/E ratio of 21.44, a P/E/G ratio of 1.34 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insider Activity at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. This represents a 11.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,316 shares of company stock valued at $25,062,887. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

GOOG has been the topic of a number of research analyst reports. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Benchmark reissued a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $209.13.

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.