TD Asset Management Inc. Has $791.91 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

TD Asset Management Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,158,317 shares of the information services provider’s stock after selling 375,472 shares during the quarter. Alphabet makes up about 0.7% of TD Asset Management Inc.’s holdings, making the stock its 29th biggest position. TD Asset Management Inc.’s holdings in Alphabet were worth $791,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GPS Wealth Strategies Group LLC lifted its position in shares of Alphabet by 6.8% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock worth $3,094,000 after buying an additional 1,041 shares during the last quarter. North Forty Two & Co. bought a new position in shares of Alphabet in the 4th quarter valued at approximately $281,000. Coldstream Capital Management Inc. lifted its holdings in Alphabet by 14.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider’s stock worth $19,642,000 after purchasing an additional 14,738 shares during the last quarter. Requisite Capital Management LLC bought a new stake in Alphabet during the fourth quarter worth approximately $927,000. Finally, Stevens Capital Management LP grew its holdings in Alphabet by 172.9% during the third quarter. Stevens Capital Management LP now owns 91,237 shares of the information services provider’s stock valued at $15,254,000 after purchasing an additional 57,810 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock worth $17,374,274 over the last three months. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the subject of a number of analyst reports. Oppenheimer boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Rosenblatt Securities reissued a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Benchmark reissued a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet Price Performance

NASDAQ:GOOG opened at $169.93 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a 50-day moving average of $183.93 and a 200-day moving average of $178.30. Alphabet Inc. has a 52 week low of $148.20 and a 52 week high of $208.70. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 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.