1 week Ago By ABMN Staff
Ironwood Investment Counsel LLC boosted its stake in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 75,323 shares of the information services provider’s stock after purchasing an additional 1,689 shares during the quarter. Alphabet makes up 2.1% of Ironwood Investment Counsel LLC’s investment portfolio, making the stock its 4th biggest holding.
Ironwood Investment Counsel LLC’s holdings in Alphabet were worth $12,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds also recently bought and sold shares of GOOGL. International Assets Investment Management LLC grew its stake in shares of Alphabet by 43,005.
6% during the third quarter. International Assets Investment Management LLC now owns 18,743,594 shares of the information services provider’s stock worth $31,086,250,000 after purchasing an additional 18,700,111 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Alphabet by 587.
4% during the 3rd quarter. SG Americas Securities LLC now owns 10,690,326 shares of the information services provider’s stock worth $1,772,991,000 after acquiring an additional 9,135,056 shares in the last quarter. Assenagon Asset Management S.
A. increased its holdings in shares of Alphabet by 116.4% in the 3rd quarter.
Assenagon Asset Management S.A. now owns 8,670,225 shares of the information services provider’s stock valued at $1,437,957,000 after acquiring an additional 4,662,809 shares during the last quarter.
Wulff Hansen & CO. raised its position in shares of Alphabet by 18,810.2% during the 2nd quarter.
Wulff Hansen & CO. now owns 4,434,260 shares of the information services provider’s stock worth $807,700,000 after acquiring an additional 4,410,811 shares in the last quarter. Finally, PineStone Asset Management Inc.
lifted its stake in Alphabet by 143.7% during the second quarter. PineStone Asset Management Inc.
now owns 7,072,197 shares of the information services provider’s stock worth $1,288,201,000 after purchasing an additional 4,170,229 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.
Analyst Upgrades and Downgrades Several brokerages have commented on GOOGL. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC restated a “buy” rating and set a $210.
00 price target on shares of Alphabet in a research note on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Pivotal Research raised their target price on shares of Alphabet from $215.
00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, KeyCorp raised their price objective on shares of Alphabet from $200.
00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Seven investment 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 company’s stock.
According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.03.
Insiders Place Their Bets In other Alphabet news, insider John Kent Walker sold 16,802 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $165.47, for a total value of $2,780,226.
94. Following the transaction, the insider now directly owns 43,999 shares of the company’s stock, valued at $7,280,514.53.
This represents a 27.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website .
Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.
68. Following the transaction, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64.
This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 197,123 shares of company stock worth $34,121,676 in the last 90 days. 11.55% of the stock is owned by company insiders.
Alphabet Stock Performance Alphabet stock opened at $195.40 on Thursday. The company has a market cap of $2.
39 trillion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 1.24 and a beta of 1.
01. Alphabet Inc. has a 12 month low of $129.
68 and a 12 month high of $195.61. The company has a debt-to-equity ratio of 0.
04, a current ratio of 1.95 and a quick ratio of 1.95.
The stock’s 50-day moving average is $170.07 and its 200-day moving average is $170.28.
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, topping analysts’ consensus estimates of $1.
83 by $0.29. Alphabet had a net margin of 27.
74% and a return on equity of 31.66%. The firm had revenue of $88.
27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the prior year, the company earned $1.
55 EPS. Equities analysts anticipate that Alphabet Inc. will post 8.
01 earnings per share for the current year. Alphabet Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a dividend of $0.
20 per share. This represents a $0.80 annualized dividend and a yield of 0.
41%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.
61%. Alphabet Company Profile ( 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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