Alphabet Inc. $GOOGL Stock Position Increased by Cozad Asset Management Inc.

Cozad Asset Management Inc. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,849 shares of the information services provider’s stock after buying an additional 4,207 shares during the quarter. Alphabet accounts for approximately 1.6% of Cozad Asset Management Inc.’s investment portfolio, making the stock its 7th largest position. Cozad Asset Management Inc.’s holdings in Alphabet were worth $18,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GOOGL. Financial Gravity Companies Inc. purchased a new position in shares of Alphabet during the 2nd quarter worth about $31,000. NBZ Investment Advisors LLC lifted 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 worth $30,000 after purchasing an additional 90 shares during the last quarter. CarsonAllaria Wealth Management Ltd. boosted its position 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 period. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Alphabet during the first quarter valued at approximately $50,000. Finally, S&T Bank PA grew its stake in shares of Alphabet by 40.2% during the second quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock valued at $61,000 after buying an additional 99 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 1.2%

NASDAQ GOOGL opened at $319.63 on Thursday. Alphabet Inc. has a one year low of $140.53 and a one year high of $328.83. 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 company has a market capitalization of $3.86 trillion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. The company’s 50-day simple moving average is $273.22 and its two-hundred day simple moving average is $222.36.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion for 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 35.00%. Equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is 8.28%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price target on Alphabet from $285.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Barclays reiterated an “overweight” rating and issued a $315.00 target price (up previously from $250.00) on shares of Alphabet in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, October 8th. Wedbush restated an “outperform” rating and issued a $320.00 price target (up from $245.00) on shares of Alphabet in a report on Thursday, October 30th. Finally, Morgan Stanley raised their price target on shares of Alphabet from $270.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Four research 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 stock has an average rating of “Moderate Buy” and a consensus target price of $312.06.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total value of $7,910,825.00. Following the completion of the transaction, the chief executive officer directly owned 2,402,119 shares of the company’s stock, valued at approximately $584,699,785.79. The trade was a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $245.00, for a total value of $680,610.00. Following the sale, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. The trade was a 13.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 193,628 shares of company stock worth $50,942,622. 11.64% of the stock is currently owned by company insiders.

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.