3 days Ago By ABMN Staff
Klingenstein Fields & Co. LP lowered its holdings in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 0.
2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 467,527 shares of the information services provider’s stock after selling 783 shares during the period.
Alphabet comprises about 3.5% of Klingenstein Fields & Co. LP’s holdings, making the stock its 4th biggest position.
Klingenstein Fields & Co. LP’s holdings in Alphabet were worth $85,160,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds have also modified their holdings of the business.
Christopher J. Hasenberg Inc lifted its holdings in shares of Alphabet by 75.0% in the second quarter.
Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after acquiring an additional 60 shares during the last quarter. Vermillion & White Wealth Management Group LLC acquired a new position in Alphabet during the 4th quarter worth approximately $30,000.
Tributary Capital Management LLC bought a new position in Alphabet in the 1st quarter valued at approximately $30,000. Kings Path Partners LLC acquired a new stake in Alphabet in the second quarter valued at approximately $36,000. Finally, CarsonAllaria Wealth Management Ltd.
boosted 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 valued at $44,000 after buying an additional 109 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.
Alphabet Stock Performance Shares of Alphabet stock opened at $157.46 on Monday. The business has a 50-day simple moving average of $167.
46 and a 200 day simple moving average of $164.87. The firm has a market capitalization of $1.
94 trillion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.13 and a beta of 1.
04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.
08 and a quick ratio of 2.08. Alphabet Inc.
has a one year low of $120.21 and a one year high of $191.75.
Alphabet Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be paid a $0.20 dividend.
This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%.
The ex-dividend date of this dividend is Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is 12.27%.
Insider Activity In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on 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 approximately $5,623,355.50.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $183.
47, for a total transaction of $125,126.54. Following the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.
50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Thursday, June 20th.
The stock was sold at an average price of $177.40, for a total value of $3,991,500.00.
Following the sale, the chief executive officer now owns 2,213,011 shares of the company’s stock, valued at approximately $392,588,151.40. The disclosure for this sale can be found here .
Insiders sold 179,367 shares of company stock worth $30,016,931 over the last three months. 11.55% of the stock is currently owned by insiders.
Analysts Set New Price Targets GOOGL has been the subject of a number of research reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $181.00 price target on shares of Alphabet in a research note on Wednesday, July 24th.
Guggenheim increased their target price on Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th.
Wolfe Research assumed coverage on Alphabet in a research note on Tuesday, July 16th. They set an “outperform” rating and a $240.00 price target on the stock.
Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co.
raised their price objective on shares of Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th.
Eight equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $201.
76. Read Our Latest Research Report on Alphabet 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. Further Reading 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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