Alphabet Inc. (NASDAQ:GOOG) Position Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 276,409 shares of the information services provider’s stock after buying an additional 14,847 shares during the quarter. Alphabet accounts for approximately 2.0% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 7th biggest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Alphabet were worth $46,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Metis Global Partners LLC lifted its holdings in shares of Alphabet by 1.4% during 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 buying an additional 4,292 shares during the period. Curi RMB Capital LLC lifted its holdings in Alphabet by 5.3% in the third quarter. Curi RMB Capital LLC now owns 353,738 shares of the information services provider’s stock valued at $59,141,000 after acquiring an additional 17,824 shares during the period. Bretton Capital Management LLC bought a new position in Alphabet in the third quarter valued at about $9,530,000. Wealthstream Advisors Inc. boosted its position in Alphabet by 2.4% in the third quarter. Wealthstream Advisors Inc. now owns 9,352 shares of the information services provider’s stock worth $1,564,000 after purchasing an additional 220 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of Alphabet by 0.3% during the 3rd quarter. Huntington National Bank now owns 233,305 shares of the information services provider’s stock valued at $39,006,000 after purchasing an additional 762 shares during the period. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $177.35 on Friday. Alphabet Inc. has a 1 year low of $129.40 and a 1 year high of $193.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market capitalization of $2.17 trillion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The company’s fifty day moving average price is $166.20 and its 200 day moving average price is $171.57.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Alphabet’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 EPS. On average, research analysts predict that Alphabet Inc. will post 7.99 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s payout ratio is 10.61%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GOOG. UBS Group increased their price objective on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Scotiabank assumed coverage on Alphabet in a report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 target price on the stock. Finally, Oppenheimer boosted their price target on Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $200.56.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $158.68, for a total transaction of $3,570,300.00. Following the transaction, the chief executive officer now directly owns 2,137,385 shares of the company’s stock, valued at approximately $339,160,251.80. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the sale, the chief accounting officer now directly owns 32,017 shares of the company’s stock, valued at approximately $5,136,807.48. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 206,795 shares of company stock worth $34,471,141 over the last three months. Insiders own 12.99% of the company’s stock.

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.