Elo Mutual Pension Insurance Co Has $99.37 Million Stock Holdings in Alphabet Inc. $GOOG

Elo Mutual Pension Insurance Co boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 0.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 408,016 shares of the information services provider’s stock after buying an additional 3,242 shares during the quarter. Alphabet makes up approximately 1.6% of Elo Mutual Pension Insurance Co’s investment portfolio, making the stock its 12th biggest holding. Elo Mutual Pension Insurance Co’s holdings in Alphabet were worth $99,372,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GOOG. Brighton Jones LLC lifted its holdings in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares during the period. Ignite Planners LLC raised its position in Alphabet by 1.0% in the second quarter. Ignite Planners LLC now owns 14,506 shares of the information services provider’s stock worth $2,697,000 after purchasing an additional 144 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Alphabet by 7.4% during the second quarter. Sequoia Financial Advisors LLC now owns 594,959 shares of the information services provider’s stock worth $105,540,000 after purchasing an additional 41,132 shares during the period. Sebold Capital Management Inc. lifted its stake in Alphabet by 9.6% during the second quarter. Sebold Capital Management Inc. now owns 2,818 shares of the information services provider’s stock worth $500,000 after purchasing an additional 248 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Alphabet by 104.6% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 15,559 shares of the information services provider’s stock valued at $2,760,000 after purchasing an additional 7,954 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $303.53 on Wednesday. The business has a fifty day moving average of $321.14 and a 200-day moving average of $285.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $350.15. The firm has a market cap of $3.67 trillion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.79 and a beta of 1.10.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.23. The firm had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.15 EPS. On average, equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 7.77%.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the transaction, the chief accounting officer owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the transaction, the insider owned 13,227 shares in the company, valued at $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,078,926 shares of company stock worth $108,426,720. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GOOG. Citigroup reissued a “market outperform” rating on shares of Alphabet in a report on Wednesday, December 17th. TD Cowen reiterated a “buy” rating and set a $365.00 price objective (up from $355.00) on shares of Alphabet in a research note on Thursday, February 5th. Wells Fargo & Company raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Wedbush reaffirmed an “outperform” rating and issued a $370.00 target price on shares of Alphabet in a report on Thursday, February 5th. Finally, Loop Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Nine analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Buy” and a consensus price target of $343.90.

Read Our Latest Research Report on GOOG

Key Headlines Impacting Alphabet

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Alphabet Company Profile

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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