2 weeks Ago By Defense World Staff
Citizens Financial Group Inc. RI increased its position in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 98.
5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 475,925 shares of the information services provider’s stock after acquiring an additional 236,214 shares during the quarter. Alphabet accounts for about 1.
9% of Citizens Financial Group Inc. RI’s holdings, making the stock its 11th largest position. Citizens Financial Group Inc.
RI’s holdings in Alphabet were worth $86,690,000 at the end of the most recent reporting period. A number of other large investors have also made changes to their positions in the company. Grunden Financial Advisory Inc.
acquired a new stake in shares of Alphabet during the second quarter valued at approximately $210,000. One Capital Management LLC raised its holdings in shares of Alphabet by 56.7% during the second quarter.
One Capital Management LLC now owns 38,969 shares of the information services provider’s stock valued at $7,098,000 after acquiring an additional 14,105 shares during the period. Menard Financial Group LLC raised its holdings in shares of Alphabet by 0.7% during the second quarter.
Menard Financial Group LLC now owns 13,270 shares of the information services provider’s stock valued at $2,417,000 after acquiring an additional 92 shares during the period. American Planning Services Inc. increased its stake in Alphabet by 500.
1% in the 2nd quarter. American Planning Services Inc. now owns 16,587 shares of the information services provider’s stock valued at $3,021,000 after buying an additional 13,823 shares during the period.
Finally, Quantbot Technologies LP increased its stake in Alphabet by 4,759.5% in the 2nd quarter. Quantbot Technologies LP now owns 56,565 shares of the information services provider’s stock valued at $10,303,000 after buying an additional 55,401 shares during the period.
Institutional investors and hedge funds own 40.03% of the company’s stock. Wall Street Analysts Forecast Growth Several research analysts have weighed in on GOOGL shares.
TD Securities upped their price objective on shares of Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th.
Royal Bank of Canada increased their price target on shares of Alphabet from $200.00 to $204.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th.
Guggenheim increased their price target on shares of Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th.
Evercore ISI dropped their price target on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th.
Finally, Tigress Financial upped their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 26th.
Eight analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.
35. Alphabet Stock Up 1.2 % Shares of NASDAQ GOOGL opened at $165.
85 on Tuesday. The stock has a market cap of $2.05 trillion, a P/E ratio of 25.
44, a P/E/G ratio of 1.21 and a beta of 1.04.
The firm has a 50 day moving average price of $162.52 and a 200 day moving average price of $166.84.
The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.
08. Alphabet Inc. has a 52-week low of $120.
21 and a 52-week high of $191.75. Alphabet ( NASDAQ:GOOGL – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd.
The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.
04. The firm had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.
60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.
49%. During the same quarter in the previous year, the company earned $1.44 earnings per share.
Analysts expect that Alphabet Inc. will post 7.63 EPS for the current year.
Alphabet Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were given a $0.20 dividend.
This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%.
The ex-dividend date was Monday, September 9th. Alphabet’s dividend payout ratio is presently 12.27%.
Insider Transactions at Alphabet In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.
00. Following the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.
00. Following the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Also, insider John Kent Walker sold 16,802 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $165.47, for a total transaction of $2,780,226.
94. Following the completion of the transaction, the insider now directly owns 43,999 shares in the company, valued at $7,280,514.53.
The disclosure for this sale can be found here . Insiders have sold a total of 193,725 shares of company stock valued at $31,933,031 over the last 90 days. 11.
55% of the stock is owned by corporate insiders. 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. Recommended Stories Five stocks we like better than Alphabet Using the MarketBeat Dividend Yield Calculator TJX Stock: A Buying Opportunity Before the Holiday Rush Why Invest in 5G? How to Invest in 5G Stocks Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge What Does a Gap Up Mean in Stocks? How to Play the Gap Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter .
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