Generali Investments CEE investicni spolecnost a.s. Makes New Investment in Alphabet Inc. (NASDAQ:GOOG)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 44,736 shares of the information services provider’s stock, valued at approximately $8,520,000. Alphabet makes up about 0.9% of Generali Investments CEE investicni spolecnost a.s.’s holdings, making the stock its 21st biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&G PLC acquired a new position in shares of Alphabet during the 3rd quarter worth about $2,240,000. GPS Wealth Strategies Group LLC raised its holdings in shares of Alphabet by 6.8% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock valued at $3,094,000 after purchasing an additional 1,041 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of Alphabet by 14.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider’s stock valued at $19,642,000 after purchasing an additional 14,738 shares during the period. Metis Global Partners LLC raised its holdings in shares of Alphabet by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider’s stock valued at $50,488,000 after purchasing an additional 4,292 shares during the period. Finally, Requisite Capital Management LLC bought a new stake in shares of Alphabet in the 4th quarter valued at about $927,000. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Ruth Porat sold 17,690 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the sale, the insider now owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This trade represents a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the sale, the chief accounting officer now owns 20,681 shares in the company, valued at $4,085,531.55. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,316 shares of company stock worth $25,062,887. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.9 %

Shares of GOOG opened at $175.75 on Friday. Alphabet Inc. has a 12 month low of $134.80 and a 12 month high of $208.70. The firm’s 50 day moving average is $189.85 and its 200-day moving average is $178.00. The stock has a market capitalization of $2.14 trillion, a PE ratio of 21.83, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet’s dividend payout ratio is 9.94%.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Oppenheimer increased their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

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.