Impact Investors Inc Grows Stock Holdings in Alphabet Inc. $GOOGL

Impact Investors Inc boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,942 shares of the information services provider’s stock after acquiring an additional 130 shares during the period. Impact Investors Inc’s holdings in Alphabet were worth $695,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. grew its stake in Alphabet by 5.2% in the 2nd quarter. QRG Capital Management Inc. now owns 1,108,407 shares of the information services provider’s stock worth $195,335,000 after acquiring an additional 54,834 shares during the period. Wallington Asset Management LLC grew its stake in Alphabet by 3.8% in the 2nd quarter. Wallington Asset Management LLC now owns 3,279 shares of the information services provider’s stock worth $578,000 after acquiring an additional 121 shares during the period. Intrinsic Value Partners LLC grew its stake in Alphabet by 1.0% in the 2nd quarter. Intrinsic Value Partners LLC now owns 25,924 shares of the information services provider’s stock worth $4,569,000 after acquiring an additional 245 shares during the period. Corundum Group Inc. grew its stake in Alphabet by 14.9% in the 2nd quarter. Corundum Group Inc. now owns 10,920 shares of the information services provider’s stock worth $1,924,000 after acquiring an additional 1,415 shares during the period. Finally, Boyar Asset Management Inc. grew its stake in Alphabet by 7.4% in the 2nd quarter. Boyar Asset Management Inc. now owns 9,960 shares of the information services provider’s stock worth $1,755,000 after acquiring an additional 685 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on GOOGL. Barclays lifted their target price on shares of Alphabet from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 3rd. UBS Group lifted their price target on shares of Alphabet from $237.00 to $255.00 and gave the company a “neutral” rating in a report on Thursday. KeyCorp lifted their price target on shares of Alphabet from $230.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, September 3rd. Jefferies Financial Group lifted their price target on shares of Alphabet from $230.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $200.00 to $232.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $245.88.

Alphabet Stock Performance

Shares of GOOGL stock opened at $236.57 on Friday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $256.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $2.86 trillion, a P/E ratio of 25.19, a P/E/G ratio of 1.60 and a beta of 1.00. The company’s fifty day moving average price is $226.31 and its two-hundred day moving average price is $188.66.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. On average, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, September 8th. Alphabet’s dividend payout ratio is 8.95%.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 103 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total value of $25,042.39. Following the sale, the director owned 17,284 shares in the company, valued at approximately $4,202,258.92. This represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $249.44, for a total transaction of $149,664.00. Following the completion of the sale, the director owned 5,716 shares in the company, valued at approximately $1,425,799.04. This trade represents a 9.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 276,738 shares of company stock worth $59,135,475. Company insiders own 11.64% of the company’s stock.

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.