Bank Hapoalim BM Has $12.76 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Bank Hapoalim BM reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,993 shares of the information services provider’s stock after selling 4,137 shares during the period. Alphabet makes up about 2.1% of Bank Hapoalim BM’s investment portfolio, making the stock its 16th biggest position. Bank Hapoalim BM’s holdings in Alphabet were worth $12,758,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. RFG Holdings Inc. lifted its holdings in Alphabet by 12.3% in the fourth quarter. RFG Holdings Inc. now owns 4,971 shares of the information services provider’s stock valued at $948,000 after buying an additional 543 shares during the period. E. Ohman J or Asset Management AB raised its holdings in Alphabet by 10.2% in the fourth quarter. E. Ohman J or Asset Management AB now owns 186,580 shares of the information services provider’s stock worth $35,532,000 after purchasing an additional 17,240 shares during the period. Welch Group LLC raised its holdings in Alphabet by 5.9% in the fourth quarter. Welch Group LLC now owns 12,642 shares of the information services provider’s stock worth $2,436,000 after purchasing an additional 703 shares during the period. Brown Lisle Cummings Inc. raised its holdings in Alphabet by 3.5% in the fourth quarter. Brown Lisle Cummings Inc. now owns 27,572 shares of the information services provider’s stock worth $5,251,000 after purchasing an additional 930 shares during the period. Finally, Commonwealth Financial Services LLC raised its holdings in Alphabet by 25.4% in the fourth quarter. Commonwealth Financial Services LLC now owns 3,453 shares of the information services provider’s stock worth $658,000 after purchasing an additional 700 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOG has been the topic of several analyst reports. Citigroup increased their target price on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Barclays increased their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Oppenheimer raised their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Stock Down 3.2 %

Shares of GOOG stock opened at $187.14 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $208.70. The firm’s fifty day moving average price is $192.78 and its two-hundred day moving average price is $176.15. The firm has a market capitalization of $2.29 trillion, a P/E ratio of 24.82, a PEG ratio of 1.32 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results 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 27.74% and a return on equity of 31.66%. On average, equities analysts predict that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insider Activity

In other news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,529 shares of company stock valued at $16,600,078 in the last quarter. Company insiders own 12.99% of the company’s stock.

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.