2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. increased its holdings in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 5.
0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,816,038 shares of the information services provider’s stock after acquiring an additional 325,420 shares during the period.
Envestnet Asset Management Inc.’s holdings in Alphabet were worth $1,241,541,000 as of its most recent SEC filing. A number of other large investors have also recently added to or reduced their stakes in the company.
Vanguard Group Inc. increased its holdings in Alphabet by 0.8% in the 1st quarter.
Vanguard Group Inc. now owns 497,874,324 shares of the information services provider’s stock valued at $75,144,172,000 after buying an additional 4,064,073 shares during the period. Capital Research Global Investors lifted its position in shares of Alphabet by 14.
4% in the 1st quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider’s stock worth $8,724,251,000 after purchasing an additional 7,275,757 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Alphabet by 0.
5% in the 2nd quarter. Bank of New York Mellon Corp now owns 49,472,478 shares of the information services provider’s stock valued at $9,011,412,000 after acquiring an additional 238,403 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Alphabet by 3.
3% in the 4th quarter. Fisher Asset Management LLC now owns 45,178,075 shares of the information services provider’s stock valued at $6,310,925,000 after acquiring an additional 1,429,261 shares in the last quarter. Finally, Capital World Investors increased its stake in Alphabet by 1.
7% during the 1st quarter. Capital World Investors now owns 35,412,299 shares of the information services provider’s stock valued at $5,344,778,000 after purchasing an additional 597,756 shares in the last quarter. Institutional investors and hedge funds own 40.
03% of the company’s stock. Wall Street Analyst Weigh In Several analysts have recently issued reports on GOOGL shares. Jefferies Financial Group upped their target price on shares of Alphabet from $215.
00 to $220.00 in a research note on Tuesday, July 9th. TD Securities increased their price target on shares of Alphabet from $200.
00 to $220.00 in a research report on Wednesday, July 10th. Truist Financial reaffirmed a “buy” rating and issued a $196.
00 price target on shares of Alphabet in a research note on Monday, September 16th. DA Davidson assumed coverage on Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.
00 price objective for the company. Finally, Roth Mkm restated a “buy” rating and set a $206.00 price target on shares of Alphabet in a report on Thursday, August 29th.
Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $201.35.
Alphabet Stock Performance Shares of GOOGL stock opened at $163.95 on Friday. The company has a market capitalization of $2.
03 trillion, a P/E ratio of 25.15, a P/E/G ratio of 1.21 and a beta of 1.
04. The business’s 50 day moving average is $162.83 and its two-hundred day moving average is $166.
49. Alphabet Inc. has a 12-month low of $120.
21 and a 12-month high of $191.75. The company has a current ratio of 2.
08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.
Alphabet ( NASDAQ:GOOGL – Get Free Report ) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.
85 by $0.04. The business had revenue of $84.
74 billion for the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a return on equity of 30.
49% and a net margin of 26.70%. During the same quarter last year, the business posted $1.
44 earnings per share. Analysts expect that Alphabet Inc. will post 7.
63 EPS for the current fiscal year. Alphabet Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were issued a $0.
20 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.
80 dividend on an annualized basis and a yield of 0.49%. Alphabet’s dividend payout ratio (DPR) is presently 12.
27%. Insider Activity at Alphabet In other Alphabet news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Friday, July 12th.
The stock was sold at an average price of $185.85, for a total transaction of $278,775.00.
Following the completion of the sale, the director now directly owns 30,824 shares of the company’s stock, valued at approximately $5,728,640.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
In other Alphabet news, Director John L. Hennessy sold 700 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $165.
00, for a total transaction of $115,500.00. Following the transaction, the director now owns 27,824 shares in the company, valued at approximately $4,590,960.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th.
The stock was sold at an average price of $185.85, for a total value of $278,775.00.
Following the sale, the director now directly owns 30,824 shares in the company, valued at approximately $5,728,640.40. The disclosure for this sale can be found here .
Over the last three months, insiders sold 180,867 shares of company stock worth $29,878,106. 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.
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