Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Acquires Shares of 7,142 Alphabet Inc. (NASDAQ:GOOG)

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 7,142 shares of the information services provider’s stock, valued at approximately $1,359,000. Alphabet makes up approximately 4.5% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s portfolio, making the stock its 12th largest holding.

A number of other hedge funds also recently bought and sold shares of GOOG. Principal Financial Group Inc. raised its holdings in shares of Alphabet by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock valued at $1,843,149,000 after buying an additional 264,962 shares during the period. Morse Asset Management Inc acquired a new position in shares of Alphabet in the third quarter valued at approximately $166,000. Soros Fund Management LLC acquired a new stake in Alphabet during the 3rd quarter worth approximately $133,000. Weiss Asset Management LP acquired a new stake in shares of Alphabet in the third quarter valued at $25,000. Finally, EP Wealth Advisors LLC boosted its holdings in Alphabet by 16.0% in the third quarter. EP Wealth Advisors LLC now owns 242,787 shares of the information services provider’s stock valued at $40,592,000 after purchasing an additional 33,457 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GOOG shares. Benchmark reiterated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Finally, Scotiabank upped their target price on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $208.65.

Alphabet Trading Down 3.2 %

Shares of Alphabet stock opened at $147.74 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The business has a 50 day moving average price of $177.04 and a 200 day moving average price of $178.43. The company has a market capitalization of $1.80 trillion, a P/E ratio of 18.35, a P/E/G ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 1 year low of $147.54 and a 1 year high of $208.70.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at approximately $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,797 shares of company stock worth $21,089,470 in the last three months. Company 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.