Bank Hapoalim BM Sells 4,137 Shares of Alphabet Inc. (NASDAQ:GOOG)

Bank Hapoalim BM decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 66,993 shares of the information services provider’s stock after selling 4,137 shares during the period. Alphabet accounts for about 2.1% of Bank Hapoalim BM’s portfolio, making the stock its 16th largest holding. Bank Hapoalim BM’s holdings in Alphabet were worth $12,758,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Pinnacle Bancorp Inc. raised its stake in Alphabet by 24.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 18,520 shares of the information services provider’s stock worth $3,096,000 after purchasing an additional 3,582 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in Alphabet by 0.3% in the 3rd quarter. Contravisory Investment Management Inc. now owns 50,806 shares of the information services provider’s stock worth $8,494,000 after purchasing an additional 142 shares in the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in Alphabet in the 3rd quarter worth about $6,866,000. Private Advisory Group LLC raised its stake in Alphabet by 7.6% in the 3rd quarter. Private Advisory Group LLC now owns 182,335 shares of the information services provider’s stock worth $30,485,000 after purchasing an additional 12,919 shares in the last quarter. Finally, Westwind Capital raised its position in shares of Alphabet by 381.6% in the 3rd quarter. Westwind Capital now owns 119,328 shares of the information services provider’s stock valued at $19,950,000 after buying an additional 94,550 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on GOOG shares. Wells Fargo & Company boosted their target price on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Barclays boosted their target price on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their target price 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. Finally, Citigroup boosted their target price on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $209.13.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This represents a 6.98 % 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 Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,529 shares of company stock valued at $16,600,078. 12.99% of the stock is currently owned by insiders.

Alphabet Trading Down 3.2 %

GOOG opened at $187.14 on Friday. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 24.82, a PEG ratio of 1.32 and a beta of 1.00. The company’s 50 day moving average price is $192.78 and its two-hundred day moving average price is $176.15.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. As a group, research analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Dividend Announcement

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 paid 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 is Monday, March 10th. Alphabet’s dividend payout ratio is currently 10.61%.

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.