Alphabet Inc. (NASDAQ:GOOGL) is Psagot Value Holdings Ltd. Israel’s 5th Largest Position

Psagot Value Holdings Ltd. Israel trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,070 shares of the information services provider’s stock after selling 358 shares during the quarter. Alphabet accounts for about 4.0% of Psagot Value Holdings Ltd. Israel’s portfolio, making the stock its 5th largest position. Psagot Value Holdings Ltd. Israel’s holdings in Alphabet were worth $8,981,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. RWQ Financial Management Services Inc. raised its position in shares of Alphabet by 8.2% in the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock valued at $8,591,000 after purchasing an additional 4,664 shares during the last quarter. Picton Mahoney Asset Management increased its stake in Alphabet by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 214,443 shares of the information services provider’s stock valued at $29,956,000 after purchasing an additional 76,410 shares in the last quarter. Robbins Farley raised its holdings in shares of Alphabet by 0.8% in the fourth quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock worth $2,096,000 after buying an additional 118 shares during the last quarter. Quantum Financial Advisors LLC grew its holdings in shares of Alphabet by 8.0% during the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after buying an additional 564 shares during the last quarter. Finally, Colton Groome Financial Advisors LLC lifted its position in Alphabet by 3.8% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 2,700 shares of the information services provider’s stock worth $377,000 after acquiring an additional 100 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 300 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total transaction of $41,853.00. Following the completion of the transaction, the director now owns 9,291 shares of the company’s stock, valued at approximately $1,296,187.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider John Kent Walker sold 48,076 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total value of $6,836,407.20. Following the completion of the transaction, the insider now owns 12,725 shares of the company’s stock, valued at $1,809,495. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the sale, the director now directly owns 9,291 shares in the company, valued at $1,296,187.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 276,511 shares of company stock worth $41,234,695. Company insiders own 0.88% of the company’s stock.

Alphabet Stock Up 1.1 %

Shares of NASDAQ:GOOGL opened at $176.06 on Monday. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $176.26. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $157.22 and a two-hundred day moving average of $145.29. The stock has a market cap of $2.18 trillion, a P/E ratio of 27.00, a PEG ratio of 1.35 and a beta of 1.02.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. On average, research analysts expect that Alphabet Inc. will post 7.61 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s payout ratio is 12.27%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, May 15th. Argus upped their price target on shares of Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Roth Mkm lifted their price objective on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research note on Friday, April 26th. KeyCorp upped their target price on Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $215.00 price target on shares of Alphabet in a research report on Wednesday, May 15th. Five research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $190.60.

Read Our Latest Analysis on Alphabet

About Alphabet

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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