Generali Investments CEE investicni spolecnost a.s. Invests $9.77 Million in Alphabet Inc. (NASDAQ:GOOGL)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, Holdings Channel.com reports. The fund bought 51,600 shares of the information services provider’s stock, valued at approximately $9,768,000. Alphabet accounts for approximately 1.0% of Generali Investments CEE investicni spolecnost a.s.’s investment portfolio, making the stock its 14th biggest holding.

A number of other institutional investors also recently bought and sold shares of GOOGL. State Street Corp grew its holdings in Alphabet by 0.3% in the third quarter. State Street Corp now owns 222,555,548 shares of the information services provider’s stock worth $36,910,838,000 after purchasing an additional 743,369 shares during the period. Geode Capital Management LLC grew its stake in shares of 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 worth $22,154,651,000 after buying an additional 2,626,431 shares during the last quarter. JPMorgan Chase & Co. increased its position in Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock valued at $10,559,240,000 after buying an additional 4,567,275 shares in the last quarter. Fisher Asset Management LLC raised its stake in Alphabet by 1.5% during the fourth quarter. Fisher Asset Management LLC now owns 50,615,038 shares of the information services provider’s stock valued at $9,581,427,000 after buying an additional 757,138 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Alphabet by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 38,451,718 shares of the information services provider’s stock worth $7,278,910,000 after acquiring an additional 1,218,639 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $205.00 target price on shares of Alphabet in a report on Wednesday. KeyCorp lowered their price objective on Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a report on Wednesday. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Bank of America reiterated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Ten research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.59.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the transaction, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at $3,961,445.55. This represents a 6.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the sale, the insider now directly owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,048 shares of company stock valued at $17,374,274 in the last 90 days. Insiders own 11.55% of the company’s stock.

Alphabet Trading Down 0.7 %

GOOGL opened at $162.80 on Friday. Alphabet Inc. has a 52 week low of $146.90 and a 52 week high of $207.05. The company has a market capitalization of $1.98 trillion, a P/E ratio of 20.22, a PEG ratio of 1.34 and a beta of 1.02. The stock’s fifty day moving average is $183.13 and its two-hundred day moving average is $176.37. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

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.