Deutsche Bank AG Has $6.15 Billion Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Deutsche Bank AG raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,792,300 shares of the information services provider’s stock after purchasing an additional 727,335 shares during the period. Alphabet makes up about 2.4% of Deutsche Bank AG’s portfolio, making the stock its 4th largest holding. Deutsche Bank AG’s holdings in Alphabet were worth $6,153,481,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Mystic Asset Management Inc. lifted its holdings in shares of Alphabet by 6.7% during the 1st quarter. Mystic Asset Management Inc. now owns 28,454 shares of the information services provider’s stock worth $4,400,000 after acquiring an additional 1,791 shares during the period. Harbour Trust & Investment Management Co lifted its holdings in shares of Alphabet by 0.3% during the 1st quarter. Harbour Trust & Investment Management Co now owns 27,075 shares of the information services provider’s stock worth $4,187,000 after acquiring an additional 80 shares during the period. Rockbridge Capital Management LLC bought a new stake in shares of Alphabet during the 4th quarter worth approximately $3,119,000. Cypress Capital LLC lifted its holdings in shares of Alphabet by 4.1% during the 1st quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider’s stock worth $2,213,000 after acquiring an additional 563 shares during the period. Finally, Optivise Advisory Services LLC lifted its holdings in shares of Alphabet by 8.0% during the 4th quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider’s stock worth $1,035,000 after acquiring an additional 403 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 0.7%

Shares of NASDAQ GOOGL opened at $201.96 on Thursday. The firm has a market cap of $2.44 trillion, a PE ratio of 21.51, a P/E/G ratio of 1.37 and a beta of 1.01. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company’s fifty day simple moving average is $182.95 and its 200 day simple moving average is $173.22. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96,428,000 billion for the quarter, compared to analyst estimates of $93.60 billion. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is 8.95%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total value of $5,801,900.00. Following the transaction, the chief executive officer directly owned 2,559,892 shares of the company’s stock, valued at approximately $456,991,919.84. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the firm’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the transaction, the director directly owned 243,400 shares in the company, valued at $45,213,984. This trade represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 274,219 shares of company stock valued at $49,674,273. Corporate insiders own 11.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of Alphabet from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. BNP Paribas Exane reissued a “neutral” rating and issued a $172.00 price objective on shares of Alphabet in a research note on Friday, June 27th. Wells Fargo & Company increased their price objective on shares of Alphabet from $184.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Piper Sandler increased their price objective on shares of Alphabet from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $200.00 to $232.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $211.53.

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.