1 week Ago By ABMN Staff
Point72 Europe London LLP bought a new stake in Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) during the third quarter, Holdings Channel.com reports.
The fund bought 84,100 shares of the information services provider’s stock, valued at approximately $13,948,000. Alphabet makes up about 0.9% of Point72 Europe London LLP’s portfolio, making the stock its 28th largest position.
Several other institutional investors also recently added to or reduced their stakes in GOOGL. Christopher J. Hasenberg Inc increased its position in Alphabet by 75.
0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after acquiring an additional 60 shares during the period.
LMR Partners LLP acquired a new stake in Alphabet in the 3rd quarter worth $32,000. Kings Path Partners LLC acquired a new stake in Alphabet in the 2nd quarter worth $36,000. Denver PWM LLC bought a new position in shares of Alphabet during the 2nd quarter worth about $41,000.
Finally, Quarry LP acquired a new position in shares of Alphabet during the second quarter valued at about $53,000. 40.03% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth Several brokerages recently issued reports on GOOGL. Pivotal Research boosted their price target on Alphabet from $215.00 to $225.
00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research report on Thursday, October 24th.
Truist Financial upped their target price on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.
Sanford C. Bernstein lifted their price target on shares of Alphabet from $180.00 to $185.
00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, Roth Mkm increased their price objective on shares of Alphabet from $206.00 to $212.
00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.
com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $206.03. Alphabet Stock Performance Shares of NASDAQ:GOOGL opened at $195.
40 on Thursday. The business has a 50-day moving average price of $170.07 and a two-hundred day moving average price of $170.
28. Alphabet Inc. has a 1-year low of $129.
68 and a 1-year high of $195.61. The stock has a market capitalization of $2.
39 trillion, a P/E ratio of 25.92, a P/E/G ratio of 1.24 and a beta of 1.
01. The company has a current ratio of 1.95, a quick ratio of 1.
95 and a debt-to-equity ratio of 0.04. Alphabet ( NASDAQ:GOOGL – Get Free Report ) last announced its quarterly earnings results on Tuesday, October 29th.
The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.
29. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.
85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.
66%. During the same period last year, the company posted $1.55 EPS.
Equities analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current year.
Alphabet Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a dividend of $0.20 per share.
The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.
41%. Alphabet’s payout ratio is 10.61%.
Insiders Place Their Bets In other news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $164.
95, for a total value of $247,425.00. Following the sale, the director now owns 26,324 shares of the company’s stock, valued at $4,342,143.
80. The trade was a 5.39 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $160.
63, for a total value of $3,614,175.00. Following the completion of the sale, the chief executive officer now directly owns 2,114,885 shares in the company, valued at approximately $339,713,977.
55. This represents a 1.05 % decrease in their position.
The disclosure for this sale can be found here . In the last three months, insiders have sold 197,123 shares of company stock worth $34,121,676. Company insiders own 11.
55% of the company’s stock. About Alphabet ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc.
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