denkapparat Operations GmbH Invests $1.09 Million in Alphabet Inc. $GOOGL

denkapparat Operations GmbH purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,154 shares of the information services provider’s stock, valued at approximately $1,085,000. Alphabet comprises approximately 0.9% of denkapparat Operations GmbH’s portfolio, making the stock its 17th largest position.

Several other institutional investors have also recently bought and sold shares of GOOGL. Tobam boosted its stake in Alphabet by 73.5% in the second quarter. Tobam now owns 23,735 shares of the information services provider’s stock worth $4,183,000 after purchasing an additional 10,051 shares in the last quarter. Ranmore Fund Management Ltd lifted its position in Alphabet by 27.3% during the 2nd quarter. Ranmore Fund Management Ltd now owns 126,000 shares of the information services provider’s stock worth $22,205,000 after buying an additional 27,000 shares in the last quarter. Bouchey Financial Group Ltd lifted its position in Alphabet by 6.1% during the 2nd quarter. Bouchey Financial Group Ltd now owns 9,397 shares of the information services provider’s stock worth $1,656,000 after buying an additional 538 shares in the last quarter. Apex Wealth Management LLC grew its holdings in Alphabet by 3.7% during the 2nd quarter. Apex Wealth Management LLC now owns 4,111 shares of the information services provider’s stock worth $725,000 after acquiring an additional 145 shares during the last quarter. Finally, Quinn Opportunity Partners LLC increased its position in Alphabet by 0.6% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 181,000 shares of the information services provider’s stock valued at $31,898,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $318.58 on Tuesday. The firm’s 50 day simple moving average is $263.73 and its 200 day simple moving average is $215.00. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $319.48. The company has a market capitalization of $3.84 trillion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 1.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

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

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be given a $0.21 dividend. The ex-dividend date is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 8.28%.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $291.80, for a total transaction of $32,681.60. Following the sale, the director owned 18,004 shares of the company’s stock, valued at $5,253,567.20. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $296.64, for a total value of $9,640,800.00. Following the completion of the transaction, the chief executive officer owned 2,304,619 shares of the company’s stock, valued at $683,642,180.16. This represents a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 225,174 shares of company stock worth $58,095,223. 11.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Alphabet from $300.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. Wall Street Zen raised Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. BMO Capital Markets set a $294.00 target price on Alphabet and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, Barclays reiterated an “overweight” rating and issued a $315.00 price target (up previously from $250.00) on shares of Alphabet in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $307.65.

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.