Evelyn Partners Investment Management LLP Increases Stock Position in Alphabet Inc. $GOOGL

Evelyn Partners Investment Management LLP lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 45,399.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 876,314 shares of the information services provider’s stock after buying an additional 874,388 shares during the quarter. Alphabet makes up 7.7% of Evelyn Partners Investment Management LLP’s holdings, making the stock its 3rd largest holding. Evelyn Partners Investment Management LLP’s holdings in Alphabet were worth $170,916,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. NBZ Investment Advisors LLC grew its position in shares of Alphabet by 85.7% during 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 in the last quarter. Financial Gravity Companies Inc. purchased a new stake in Alphabet during 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 in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Alphabet during the first quarter valued at approximately $50,000. Finally, Christopher J. Hasenberg Inc lifted its holdings in shares of Alphabet by 77.6% in 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. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In other news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $280.06, for a total value of $168,036.00. Following the completion of the sale, the director owned 4,516 shares in the company, valued at approximately $1,264,750.96. This trade represents a 11.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 954 shares of Alphabet stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $317.00, for a total transaction of $302,418.00. Following the transaction, the chief accounting officer directly owned 11,740 shares of the company’s stock, valued at approximately $3,721,580. This represents a 7.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 193,628 shares of company stock worth $50,942,622. Insiders own 11.64% of the company’s stock.

Alphabet Trading Up 1.2%

Shares of GOOGL stock opened at $319.63 on Thursday. The company has a market cap of $3.86 trillion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $328.83. The stock’s 50 day simple moving average is $273.22 and its two-hundred day simple moving average is $222.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Research analysts predict 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. Shareholders of record on Monday, December 8th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 8.28%.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, October 8th. Wolfe Research restated an “outperform” rating and set a $350.00 price objective (up previously from $290.00) on shares of Alphabet in a research report on Thursday, October 30th. Citizens Jmp lifted their target price on Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Wall Street Zen raised Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Alphabet from $260.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Four equities research 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 stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $312.06.

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.