2 days Ago By ABMN Staff
Fortis Capital Advisors LLC increased its stake in Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 52.1% in the 2nd quarter, HoldingsChannel.
com reports. The fund owned 12,752 shares of the information services provider’s stock after purchasing an additional 4,369 shares during the quarter. Alphabet comprises 0.
8% of Fortis Capital Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Fortis Capital Advisors LLC’s holdings in Alphabet were worth $2,323,000 at the end of the most recent quarter. A number of other institutional investors also recently modified their holdings of the company.
Christopher J. Hasenberg Inc increased its holdings in Alphabet by 75.0% during the 2nd quarter.
Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after purchasing an additional 60 shares in the last quarter. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Alphabet in the 4th quarter worth about $30,000.
Tributary Capital Management LLC bought a new position in Alphabet during the first quarter valued at about $30,000. Kings Path Partners LLC purchased a new stake in Alphabet during the second quarter worth about $36,000. Finally, CarsonAllaria Wealth Management Ltd.
raised its position in Alphabet by 59.2% in the first quarter. CarsonAllaria Wealth Management Ltd.
now owns 293 shares of the information services provider’s stock worth $44,000 after acquiring an additional 109 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Alphabet In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $177.40, for a total value of $3,991,500.
00. Following the transaction, the chief executive officer now owns 2,213,011 shares in the company, valued at $392,588,151.40.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $177.
40, for a total transaction of $3,991,500.00. Following the transaction, the chief executive officer now directly owns 2,213,011 shares of the company’s stock, valued at approximately $392,588,151.
40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, July 2nd.
The stock was sold at an average price of $183.47, for a total transaction of $125,126.54.
Following the completion of the sale, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The disclosure for this sale can be found here .
Insiders sold 180,167 shares of company stock worth $30,139,931 in the last ninety days. 11.55% of the stock is owned by company insiders.
Alphabet Price Performance 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 the consensus estimate of $1.
85 by $0.04. The business had revenue of $84.
74 billion during the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a return on equity of 30.
49% and a net margin of 26.70%. During the same quarter in the prior year, the firm earned $1.
44 earnings per share. Equities analysts predict that Alphabet Inc. will post 7.
64 earnings per share for the current fiscal year. Alphabet Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were given a dividend of $0.
20 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.
80 annualized dividend and a yield of 0.51%. Alphabet’s payout ratio is 12.
27%. Analyst Ratings Changes GOOGL has been the subject of a number of research reports. Truist Financial reissued a “buy” rating and set a $196.
00 target price on shares of Alphabet in a research report on Monday. TD Securities increased their price objective on Alphabet from $200.00 to $220.
00 in a report on Wednesday, July 10th. Guggenheim boosted their target price on Alphabet from $195.00 to $205.
00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Bank of America upped their price target on Alphabet from $200.00 to $206.
00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, Wolfe Research began coverage on shares of Alphabet in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $240.
00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.
08. Check Out Our Latest Research Report on GOOGL 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 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.
( NASDAQ:GOOGL – Free Report ). 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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