Alphabet Inc. $GOOG Shares Acquired by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP grew its stake in Alphabet Inc. (NASDAQ:GOOG) by 1,833.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,000 shares of the information services provider’s stock after buying an additional 55,000 shares during the period. Alphabet accounts for 1.4% of Ardsley Advisory Partners LP’s holdings, making the stock its 18th biggest position. Ardsley Advisory Partners LP’s holdings in Alphabet were worth $10,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its position in Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after buying an additional 6,410 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its holdings in shares of Alphabet by 4.0% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 25,146 shares of the information services provider’s stock valued at $3,929,000 after acquiring an additional 976 shares during the last quarter. AGF Management Ltd. increased its stake in shares of Alphabet by 0.6% in the first quarter. AGF Management Ltd. now owns 185,612 shares of the information services provider’s stock worth $28,998,000 after acquiring an additional 1,150 shares during the period. Taylor Hoffman Capital Management LLC raised its holdings in shares of Alphabet by 2.4% during the first quarter. Taylor Hoffman Capital Management LLC now owns 7,091 shares of the information services provider’s stock worth $1,127,000 after purchasing an additional 167 shares during the last quarter. Finally, Trajan Wealth LLC lifted its position in Alphabet by 9.0% during the first quarter. Trajan Wealth LLC now owns 89,831 shares of the information services provider’s stock valued at $14,034,000 after purchasing an additional 7,431 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOG has been the topic of several recent research reports. Loop Capital raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Truist Financial set a $350.00 price objective on Alphabet in a report on Friday. Bank of America raised their target price on Alphabet from $280.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Canaccord Genuity Group reiterated a “buy” rating and set a $330.00 price target on shares of Alphabet in a research report on Thursday, October 30th. Finally, Piper Sandler boosted their price target on Alphabet from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Alphabet has an average rating of “Buy” and an average target price of $310.54.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the transaction, the chief executive officer directly owned 2,369,619 shares of the company’s stock, valued at approximately $592,760,192.85. This trade represents a 1.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 228,906 shares of company stock valued at $62,127,158 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $317.75 on Wednesday. The company has a market capitalization of $3.83 trillion, a P/E ratio of 31.34, a P/E/G ratio of 1.82 and a beta of 1.07. The business’s 50 day moving average is $279.62 and its two-hundred day moving average is $227.71. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $328.67.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.12 earnings per share. Analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business 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 dividend payout ratio is currently 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.