Transamerica Financial Advisors Inc. Has $5.95 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Transamerica Financial Advisors Inc. decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,420 shares of the information services provider’s stock after selling 856 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Alphabet were worth $5,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Principal Financial Group Inc. grew its holdings in shares of Alphabet by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after acquiring an additional 337,031 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Alphabet during the third quarter valued at $1,584,000. Harvest Fund Management Co. Ltd grew its stake in Alphabet by 11.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 278,825 shares of the information services provider’s stock valued at $46,257,000 after purchasing an additional 27,952 shares in the last quarter. Boston Family Office LLC raised its stake in shares of Alphabet by 0.8% during the 3rd quarter. Boston Family Office LLC now owns 55,171 shares of the information services provider’s stock worth $9,150,000 after purchasing an additional 419 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Alphabet by 0.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 18,907,528 shares of the information services provider’s stock valued at $3,135,813,000 after buying an additional 84,399 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Up 0.8 %

NASDAQ GOOGL opened at $146.75 on Tuesday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $174.25 and its two-hundred day moving average is $176.82. The company has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 18.23, a PEG ratio of 1.34 and a beta of 1.03.

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

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,797 shares of company stock worth $21,089,470 over the last ninety days. Corporate insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on GOOGL. Jefferies Financial Group dropped their price objective on Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $205.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. KeyCorp lowered their target price on shares of Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Finally, Piper Sandler reduced their price target on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.