Pensionfund Sabic Has $5.49 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Pensionfund Sabic decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,000 shares of the information services provider’s stock after selling 3,500 shares during the quarter. Alphabet comprises approximately 1.4% of Pensionfund Sabic’s investment portfolio, making the stock its 7th biggest holding. Pensionfund Sabic’s holdings in Alphabet were worth $5,490,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. LMR Partners LLP bought a new position in shares of Alphabet during the 3rd quarter valued at about $32,000. Kings Path Partners LLC acquired a new stake in Alphabet during the 2nd quarter worth approximately $36,000. Denver PWM LLC acquired a new position in shares of Alphabet in the second quarter valued at approximately $41,000. Quarry LP acquired a new position in shares of Alphabet in the second quarter valued at approximately $53,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Alphabet during the third quarter worth $66,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

GOOGL stock traded up $3.59 during trading hours on Monday, hitting $195.38. 6,951,477 shares of the stock were exchanged, compared to its average volume of 14,384,533. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $201.42. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 25.91, a P/E/G ratio of 1.35 and a beta of 0.98. The company has a 50-day simple moving average of $180.24 and a two-hundred day simple moving average of $172.46.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period last year, the firm earned $1.55 earnings per share. On average, analysts forecast that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Alphabet’s payout ratio is 10.61%.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research analyst reports. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Bank of America reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Sanford C. Bernstein boosted their target price on Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $205.00 price target on shares of Alphabet in a research note on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.44.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the sale, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total value of $473,929.82. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,406,343.27. The trade was a 9.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,887 shares of company stock worth $27,996,356. Company insiders own 11.55% of the company’s stock.

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.