Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,273 shares of the information services provider’s stock after purchasing an additional 895 shares during the period. Y.D. More Investments Ltd’s holdings in Alphabet were worth $6,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GOOGL. TrinityPoint Wealth LLC raised its position in shares of Alphabet by 1.6% during the 4th quarter. TrinityPoint Wealth LLC now owns 59,125 shares of the information services provider’s stock worth $8,259,000 after acquiring an additional 907 shares in the last quarter. BlackDiamond Wealth Management LLC raised its position in shares of Alphabet by 3.5% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 9,417 shares of the information services provider’s stock worth $1,353,000 after acquiring an additional 318 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Alphabet by 2.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 995,828 shares of the information services provider’s stock worth $139,107,000 after buying an additional 19,376 shares during the last quarter. Prospector Partners LLC grew its stake in Alphabet by 0.5% during the 4th quarter. Prospector Partners LLC now owns 64,925 shares of the information services provider’s stock worth $9,069,000 after buying an additional 355 shares during the last quarter. Finally, Hohimer Wealth Management LLC grew its stake in Alphabet by 7.3% during the 4th quarter. Hohimer Wealth Management LLC now owns 27,729 shares of the information services provider’s stock worth $3,877,000 after buying an additional 1,876 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $161.49 on Thursday. The stock has a market cap of $1.99 trillion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The business has a fifty day moving average of $163.80 and a 200-day moving average of $166.17. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. 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 released its earnings results 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 during 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 firm posted $1.44 earnings per share. As a group, analysts predict that Alphabet Inc. will post 7.63 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 0.50%. Alphabet’s payout ratio is currently 12.27%.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of research reports. Rosenblatt Securities restated a “neutral” rating and set a $181.00 price target on shares of Alphabet in a research note on Wednesday, July 24th. Roth Mkm restated a “buy” rating and set a $206.00 price target on shares of Alphabet in a research note on Thursday, August 29th. Argus raised their price target on Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Cantor Fitzgerald restated a “neutral” rating and set a $190.00 price target on shares of Alphabet in a research note on Monday. Finally, Mizuho raised their price target on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.08.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $185.85, for a total transaction of $278,775.00. Following the completion of the sale, the director now owns 30,824 shares of the company’s stock, valued at $5,728,640.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director John L. Hennessy sold 1,500 shares of the company’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 sale, the director now owns 30,824 shares of the company’s stock, valued at $5,728,640.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,835 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the sale, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,867 shares of company stock worth $29,878,106. 11.55% of the stock is currently owned by insiders.

Alphabet Company 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.