Banco de Sabadell S.A Buys 390 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Banco de Sabadell S.A raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 22,557 shares of the information services provider’s stock after buying an additional 390 shares during the period. Alphabet accounts for approximately 3.3% of Banco de Sabadell S.A’s investment portfolio, making the stock its 6th largest position. Banco de Sabadell S.A’s holdings in Alphabet were worth $4,270,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its stake in Alphabet by 20,990.0% during the 4th quarter. Proficio Capital Partners LLC now owns 6,186,748 shares of the information services provider’s stock worth $1,171,151,000 after purchasing an additional 6,157,413 shares in the last quarter. Amundi increased its holdings in shares of Alphabet by 18.7% in the 4th quarter. Amundi now owns 29,866,698 shares of the information services provider’s stock valued at $5,792,317,000 after acquiring an additional 4,694,621 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Alphabet by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock worth $10,559,240,000 after buying an additional 4,567,275 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Alphabet in the 3rd quarter valued at $513,024,000. Finally, Geode Capital Management LLC boosted its holdings in Alphabet by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider’s stock valued at $22,154,651,000 after purchasing an additional 2,626,431 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the transaction, the insider now owns 49,037 shares in the company, valued at approximately $8,181,333.08. This represents a 19.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at $2,377,014.99. The trade was a 4.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,297 shares of company stock worth $15,936,270. Insiders own 11.55% of the company’s stock.

Alphabet Stock Down 0.0 %

Shares of GOOGL stock opened at $157.04 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05. The company’s fifty day moving average price is $177.19 and its 200-day moving average price is $176.95. The company has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced 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 is currently 9.94%.

Analysts Set New Price Targets

A number of research firms have commented on GOOGL. The Goldman Sachs Group reiterated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Bank of America reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Alphabet in a report on Wednesday, February 5th. DZ Bank lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price for the company. in a research note on Thursday, February 6th. Finally, Morgan Stanley dropped their price target on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $209.49.

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.