2 weeks Ago By Defense World Staff
City of London Investment Management Co. Ltd. raised its holdings in Alphabet Inc.
( NASDAQ:GOOGL – Free Report ) by 7.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,835 shares of the information services provider’s stock after purchasing an additional 14,420 shares during the quarter.
Alphabet accounts for 3.1% of City of London Investment Management Co. Ltd.
’s holdings, making the stock its 11th largest holding. City of London Investment Management Co. Ltd.
’s holdings in Alphabet were worth $36,384,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its stake in shares of Alphabet by 14.
4% in the first quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider’s stock valued at $8,724,251,000 after buying an additional 7,275,757 shares in the last quarter. Vanguard Group Inc.
grew its stake in Alphabet by 1.3% during the 4th quarter. Vanguard Group Inc.
now owns 493,810,251 shares of the information services provider’s stock worth $68,980,354,000 after purchasing an additional 6,374,756 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in Alphabet by 39,754.9% during the 4th quarter.
Public Employees Retirement Association of Colorado now owns 6,025,667 shares of the information services provider’s stock worth $841,725,000 after purchasing an additional 6,010,548 shares in the last quarter. PineStone Asset Management Inc. grew its stake in Alphabet by 143.
7% during the 2nd 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 in the last quarter.
Finally, National Bank of Canada FI grew its stake in Alphabet by 91.0% during the 2nd quarter. National Bank of Canada FI now owns 7,928,470 shares of the information services provider’s stock worth $1,450,599,000 after purchasing an additional 3,777,527 shares in the last quarter.
Hedge funds and other institutional investors own 40.03% of the company’s stock. Insider Activity In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, July 17th.
The stock was sold at an average price of $182.84, for a total transaction of $4,113,900.00.
Following the sale, the chief executive officer now owns 2,204,885 shares of the company’s stock, valued at $403,141,173.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link .
In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $182.84, for a total transaction of $4,113,900.
00. Following the sale, the chief executive officer now owns 2,204,885 shares of the company’s stock, valued at $403,141,173.40.
The transaction was disclosed in a filing with the SEC, which is accessible through this link . Also, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.
60, for a total value of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346.
The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 193,725 shares of company stock valued at $31,933,031. Insiders own 11.
55% of the company’s stock. Analysts Set New Price Targets Check Out Our Latest Stock Analysis on Alphabet Alphabet Stock Up 1.2 % NASDAQ:GOOGL opened at $165.
85 on Tuesday. The company has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 25.
44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.
Alphabet Inc. has a one year low of $120.21 and a one year high of $191.
75. The stock has a 50-day simple moving average of $162.52 and a 200 day simple moving average 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 ( NASDAQ:GOOGL – Get Free Report ) last issued its earnings results on Tuesday, July 23rd.
The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.
04. Alphabet had a net margin of 26.70% and a return on equity of 30.
49%. The firm had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $70.
60 billion. During the same quarter last year, the company posted $1.44 earnings per share.
Sell-side analysts predict that Alphabet Inc. will post 7.63 EPS for the current fiscal year.
Alphabet Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were issued a dividend of $0.20 per share.
The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.
48%. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.
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.
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