Bank Hapoalim BM Has $1.44 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Bank Hapoalim BM lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 9,322 shares of the information services provider’s stock after buying an additional 77 shares during the quarter. Bank Hapoalim BM’s holdings in Alphabet were worth $1,442,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. von Borstel & Associates Inc. bought a new position in Alphabet in the 1st quarter valued at about $28,000. Elite Financial Inc. bought a new position in Alphabet in the 1st quarter valued at about $42,000. Anderson Financial Strategies LLC bought a new position in Alphabet in the 4th quarter valued at about $49,000. EQ Wealth Advisors LLC bought a new position in Alphabet in the 1st quarter valued at about $49,000. Finally, Navigoe LLC bought a new position in Alphabet in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GOOGL shares. Wells Fargo & Company raised their target price on shares of Alphabet from $175.00 to $177.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $171.00 price target on shares of Alphabet in a report on Wednesday, June 25th. Citizens Jmp upgraded shares of Alphabet from a “market perform” rating to an “outperform” rating and set a $220.00 target price on the stock in a research report on Friday, June 27th. Morgan Stanley cut their target price on shares of Alphabet from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, Oppenheimer boosted their price target on shares of Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $199.61.

Insider Activity at Alphabet

In related news, Director Kavitark Ram Shriram sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,575,000.00. Following the sale, the director directly owned 255,400 shares of the company’s stock, valued at $44,695,000. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $105,000.00. Following the transaction, the director directly owned 6,813 shares in the company, valued at $1,192,275. This trade represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 215,443 shares of company stock valued at $36,298,548 over the last three months. 11.55% of the stock is owned by corporate insiders.

Alphabet Price Performance

GOOGL stock opened at $181.56 on Tuesday. The firm has a 50 day moving average of $170.66 and a 200-day moving average of $173.07. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The firm has a market capitalization of $2.20 trillion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same period last year, the firm posted $1.89 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were paid a $0.21 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is currently 9.36%.

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.