Alphabet Inc. $GOOGL Shares Bought by Entropy Technologies LP

Entropy Technologies LP lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 157.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,243 shares of the information services provider’s stock after buying an additional 31,365 shares during the quarter. Alphabet makes up about 0.7% of Entropy Technologies LP’s holdings, making the stock its 20th largest position. Entropy Technologies LP’s holdings in Alphabet were worth $9,031,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. NBZ Investment Advisors LLC lifted its holdings 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 in the last quarter. Financial Gravity Companies Inc. purchased a new stake in Alphabet in the 2nd quarter valued at approximately $31,000. CarsonAllaria Wealth Management Ltd. grew its holdings in Alphabet by 36.4% during the 2nd 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. MJT & Associates Financial Advisory Group Inc. purchased a new position in Alphabet during the first quarter worth $50,000. Finally, Christopher J. Hasenberg Inc increased its position in Alphabet by 77.6% during the second quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock worth $61,000 after buying an additional 152 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 102 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $317.66, for a total transaction of $32,401.32. Following the completion of the sale, the director owned 18,104 shares in the company, valued at approximately $5,750,916.64. The trade was a 0.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $296.64, for a total transaction of $9,640,800.00. Following the sale, the chief executive officer directly owned 2,304,619 shares of the company’s stock, valued at approximately $683,642,180.16. This trade represents a 1.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 193,628 shares of company stock valued at $50,942,622. Insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on GOOGL shares. China Renaissance upped their price objective on Alphabet from $207.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wedbush reissued an “outperform” rating and issued a $320.00 target price (up previously from $245.00) on shares of Alphabet in a research note on Thursday, October 30th. DA Davidson reaffirmed a “neutral” rating and set a $300.00 price target on shares of Alphabet in a research note on Tuesday, November 25th. Bank of America lifted their price target on shares of Alphabet from $280.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Hsbc Global Res raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $312.06.

Alphabet Stock Performance

Shares of GOOGL stock opened at $315.81 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market capitalization of $3.81 trillion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. Alphabet Inc. has a one year low of $140.53 and a one year high of $328.83. The company has a 50 day moving average price of $271.77 and a 200 day moving average price of $221.67.

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

Alphabet Announces Dividend

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