Alphabet Inc. $GOOGL Shares Acquired by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 13.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 454,450 shares of the information services provider’s stock after purchasing an additional 54,352 shares during the period. Brandywine Global Investment Management LLC’s holdings in Alphabet were worth $80,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gimbal Financial grew its holdings in shares of Alphabet by 1.9% during the second quarter. Gimbal Financial now owns 2,776 shares of the information services provider’s stock worth $489,000 after buying an additional 53 shares during the last quarter. Missouri Trust & Investment Co lifted its position in Alphabet by 0.3% during the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider’s stock worth $2,981,000 after acquiring an additional 55 shares during the period. Silver Coast Investments LLC grew its stake in shares of Alphabet by 1.3% in the 2nd quarter. Silver Coast Investments LLC now owns 4,317 shares of the information services provider’s stock valued at $761,000 after purchasing an additional 55 shares during the last quarter. AM Investment Strategies LLC increased its holdings in shares of Alphabet by 0.9% in the second quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock valued at $1,141,000 after purchasing an additional 57 shares during the period. Finally, Bfsg LLC increased its holdings in shares of Alphabet by 0.6% in the second quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock valued at $1,838,000 after purchasing an additional 59 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GOOGL shares. JMP Securities reiterated a “market outperform” rating and issued a $290.00 price objective on shares of Alphabet in a research report on Wednesday, October 22nd. UBS Group reaffirmed a “neutral” rating and issued a $306.00 target price (up previously from $255.00) on shares of Alphabet in a report on Thursday, October 30th. DA Davidson reiterated a “neutral” rating and set a $300.00 price target on shares of Alphabet in a research note on Tuesday, November 25th. New Street Research raised their price objective on shares of Alphabet from $275.00 to $295.00 in a research report on Friday, October 24th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $375.00 price objective (up previously from $330.00) on shares of Alphabet in a report on Monday. Four analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $312.06.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total transaction of $7,910,825.00. Following the completion of the transaction, the chief executive officer owned 2,402,119 shares of the company’s stock, valued at $584,699,785.79. The trade was a 1.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the sale, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 193,628 shares of company stock worth $50,942,622 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 0.3%

Shares of Alphabet stock opened at $315.81 on Wednesday. The company has a 50-day moving average of $271.77 and a two-hundred day moving average of $221.67. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $328.83. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.81 trillion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. On average, research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced 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 yield of 0.3%. Alphabet’s dividend payout ratio is 8.28%.

Alphabet 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.