Alphabet Inc. $GOOGL Shares Acquired by FJ Investments LLC

FJ Investments LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 506,694 shares of the information services provider’s stock after buying an additional 606 shares during the quarter. Alphabet comprises approximately 6.3% of FJ Investments LLC’s holdings, making the stock its 2nd largest position. FJ Investments LLC’s holdings in Alphabet were worth $89,295,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GOOGL. Guardian Wealth Management Inc. increased its holdings in shares of Alphabet by 242.9% in the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after acquiring an additional 119 shares during the period. IMA Advisory Services Inc. bought a new position in Alphabet in the 1st quarter worth about $28,000. NBZ Investment Advisors LLC increased its stake in shares of Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 90 shares during the period. CarsonAllaria Wealth Management Ltd. raised its holdings in shares of Alphabet by 36.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after buying an additional 67 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Alphabet during the first quarter valued at approximately $50,000. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $291.80, for a total transaction of $32,681.60. Following the completion of the sale, the director directly owned 18,004 shares of the company’s stock, valued at $5,253,567.20. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $288.26, for a total value of $800,786.28. Following the sale, the chief accounting officer directly owned 11,739 shares in the company, valued at $3,383,884.14. This trade represents a 19.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 192,674 shares of company stock worth $48,454,423 over the last quarter. 11.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

GOOGL has been the subject of a number of recent analyst reports. Guggenheim increased their price objective on Alphabet from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. HSBC boosted their price target on Alphabet from $295.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. BNP Paribas Exane raised their price target on Alphabet from $247.00 to $281.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Stifel Nicolaus set a $333.00 price objective on shares of Alphabet in a report on Thursday, October 30th. Finally, Robert W. Baird increased their target price on shares of Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $305.33.

Alphabet Price Performance

Shares of Alphabet stock opened at $289.45 on Friday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $306.42. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $261.21 and its two-hundred day moving average price is $212.12. The stock has a market cap of $3.49 trillion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The company had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 8.28%.

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.