Groupama Asset Managment Has $19.63 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Groupama Asset Managment reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 27.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,883 shares of the information services provider’s stock after selling 38,521 shares during the quarter. Groupama Asset Managment’s holdings in Alphabet were worth $19,632,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Fiduciary Advisors Inc. bought a new stake in Alphabet during the 4th quarter worth approximately $27,000. Weiss Asset Management LP purchased a new position in shares of Alphabet during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Alphabet during the third quarter valued at approximately $33,000. WealthTrak Capital Management LLC bought a new stake in Alphabet during the fourth quarter worth $38,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet in the 4th quarter valued at $39,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GOOG. Scotiabank upped their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Oppenheimer upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $208.56.

Insider Activity at Alphabet

In other Alphabet 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 value of $262,040.40. Following the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at $3,961,445.55. This represents a 6.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,992 shares of company stock valued at $16,093,773. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.1 %

Alphabet stock opened at $156.23 on Tuesday. The firm has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 1.34 and a beta of 1.03. The firm has a 50 day simple moving average of $180.70 and a 200 day simple moving average of $178.70. Alphabet Inc. has a 1-year low of $148.20 and a 1-year high of $208.70. 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 released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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%. On average, analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

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. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Alphabet 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.