FUKOKU MUTUAL LIFE INSURANCE Co Buys 6,180 Shares of Alphabet Inc. (NASDAQ:GOOGL)

FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 19.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,723 shares of the information services provider’s stock after purchasing an additional 6,180 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Alphabet were worth $5,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sonata Capital Group Inc. increased its position in Alphabet by 5.1% during the 3rd quarter. Sonata Capital Group Inc. now owns 3,720 shares of the information services provider’s stock worth $487,000 after buying an additional 180 shares during the period. QCM Cayman Ltd. bought a new stake in shares of Alphabet during the 3rd quarter valued at $248,000. CFO4Life Group LLC grew its holdings in shares of Alphabet by 1.1% during the 3rd quarter. CFO4Life Group LLC now owns 26,973 shares of the information services provider’s stock worth $3,530,000 after purchasing an additional 282 shares in the last quarter. Cascade Investment Advisors Inc. increased its position in shares of Alphabet by 0.7% in the third quarter. Cascade Investment Advisors Inc. now owns 17,740 shares of the information services provider’s stock worth $2,321,000 after purchasing an additional 125 shares during the period. Finally, Capital Insight Partners LLC increased its position in shares of Alphabet by 1.1% in the third quarter. Capital Insight Partners LLC now owns 51,571 shares of the information services provider’s stock worth $6,749,000 after purchasing an additional 584 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the transaction, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders sold 205,935 shares of company stock worth $31,178,987 over the last three months. 11.55% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $174.99 on Friday. The firm has a market capitalization of $2.16 trillion, a P/E ratio of 26.84, a P/E/G ratio of 1.30 and a beta of 1.02. The firm’s 50-day moving average price is $160.81 and its 200-day moving average price is $146.70. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 1-year low of $115.35 and a 1-year high of $178.77.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 7.61 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, June 10th.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GOOGL shares. Loop Capital increased their price objective on shares of Alphabet from $155.00 to $170.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Tigress Financial increased their price target on shares of Alphabet from $176.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday. Mizuho boosted their price objective on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Wedbush upped their target price on Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Five analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.57.

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.