Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Bank Hapoalim BM

Bank Hapoalim BM raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,634 shares of the information services provider’s stock after purchasing an additional 548 shares during the quarter. Bank Hapoalim BM’s holdings in Alphabet were worth $1,573,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of GOOGL. Elser Financial Planning Inc purchased a new stake in shares of Alphabet in the second quarter valued at about $692,000. Fifth Third Wealth Advisors LLC boosted its holdings in Alphabet by 87.5% during the second quarter. Fifth Third Wealth Advisors LLC now owns 132,488 shares of the information services provider’s stock worth $24,133,000 after buying an additional 61,837 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in Alphabet during the second quarter worth about $58,000. Crescent Grove Advisors LLC boosted its holdings in Alphabet by 7.7% during the second quarter. Crescent Grove Advisors LLC now owns 8,920 shares of the information services provider’s stock worth $1,625,000 after buying an additional 639 shares in the last quarter. Finally, Prossimo Advisors LLC boosted its holdings in Alphabet by 7.1% during the second quarter. Prossimo Advisors LLC now owns 28,238 shares of the information services provider’s stock worth $5,144,000 after buying an additional 1,883 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GOOGL shares. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Wednesday, August 14th. Tigress Financial lifted their target price on shares of Alphabet from $176.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 24th. Bank of America lifted their target price on shares of Alphabet from $200.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Loop Capital restated a “hold” rating and set a $170.00 target price on shares of Alphabet in a research report on Wednesday, July 3rd. Finally, Evercore ISI lifted their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. Six research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.74.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $162.85 on Thursday. The business’s 50-day moving average price is $174.30 and its two-hundred day moving average price is $163.55. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75. The stock has a market cap of $2.01 trillion, a P/E ratio of 24.98, a PEG ratio of 1.28 and a beta of 1.05. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the prior year, the company earned $1.44 EPS. As a group, equities analysts predict that Alphabet Inc. will post 7.62 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Activity

In other news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $185.85, for a total value of $278,775.00. Following the completion of the transaction, the director now owns 30,824 shares in the company, valued at approximately $5,728,640.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total value of $3,772,350.00. Following the transaction, the chief executive officer now owns 2,159,885 shares of the company’s stock, valued at $362,126,319.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $185.85, for a total value of $278,775.00. Following the completion of the transaction, the director now directly owns 30,824 shares in the company, valued at approximately $5,728,640.40. The disclosure for this sale can be found here. Insiders sold a total of 156,565 shares of company stock worth $26,823,893 in the last quarter. 11.55% of the stock is owned by company insiders.

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.