Alphabet Inc. $GOOGL is Evelyn Partners Investment Management Services Ltd’s 5th Largest Position

Evelyn Partners Investment Management Services Ltd raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1,377.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,267 shares of the information services provider’s stock after acquiring an additional 200,696 shares during the quarter. Alphabet makes up about 4.1% of Evelyn Partners Investment Management Services Ltd’s portfolio, making the stock its 5th biggest position. Evelyn Partners Investment Management Services Ltd’s holdings in Alphabet were worth $40,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBZ Investment Advisors LLC grew its stake in 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 last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Alphabet during the second quarter valued at about $31,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of Alphabet by 36.4% in 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 in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Alphabet in the 1st quarter worth approximately $50,000. Finally, Christopher J. Hasenberg Inc raised its stake in shares of Alphabet by 77.6% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock worth $61,000 after acquiring an additional 152 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $280.06, for a total value of $168,036.00. Following the sale, the director directly owned 4,516 shares of the company’s stock, valued at approximately $1,264,750.96. This represents a 11.73% decrease in their ownership of the stock. The transaction 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 dated Wednesday, November 19th. The stock was sold at an average price of $296.64, for a total value of $9,640,800.00. Following the sale, the chief executive officer directly owned 2,304,619 shares in the company, valued at $683,642,180.16. This represents a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 193,628 shares of company stock valued at $50,942,622 over the last quarter. Insiders own 11.64% of the company’s stock.

Alphabet Stock Up 1.2%

Shares of GOOGL stock opened at $319.63 on Thursday. The stock’s 50-day simple moving average is $273.22 and its 200-day simple moving average is $222.36. 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 $3.86 trillion, a PE ratio of 31.52, a P/E/G ratio of 1.82 and a beta of 1.07. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $328.83.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 35.00% and a net margin of 32.23%. Equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. CICC Research lifted their price target on shares of Alphabet from $240.00 to $303.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. President Capital increased their price objective on Alphabet from $258.00 to $323.00 and gave the company a “buy” rating in a report on Thursday, November 6th. BNP Paribas Exane initiated coverage on Alphabet in a research note on Monday, November 24th. They set an “outperform” rating and a $355.00 target price on the stock. Sanford C. Bernstein upped their target price on Alphabet from $260.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 30th. Finally, Piper Sandler reissued an “overweight” rating and issued a $330.00 price target (up previously from $285.00) on shares of Alphabet in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $312.06.

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.