3 days Ago By ABMN Staff
Mcdonald Capital Investors Inc. CA reduced its position in Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 2.
4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 282,217 shares of the information services provider’s stock after selling 6,985 shares during the quarter. Alphabet accounts for approximately 3.
2% of Mcdonald Capital Investors Inc. CA’s holdings, making the stock its 14th biggest holding. Mcdonald Capital Investors Inc.
CA’s holdings in Alphabet were worth $51,406,000 at the end of the most recent quarter. Several other institutional investors have also added to or reduced their stakes in GOOGL. Collaborative Wealth Managment Inc.
purchased a new stake in shares of Alphabet during the fourth quarter valued at $213,000. Johnson Investment Counsel Inc. increased its stake in Alphabet by 2.
3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 1,343,499 shares of the information services provider’s stock worth $187,673,000 after buying an additional 30,212 shares during the period.
Strategic Advocates LLC lifted its holdings in Alphabet by 48.0% during the 4th quarter. Strategic Advocates LLC now owns 14,092 shares of the information services provider’s stock valued at $1,969,000 after buying an additional 4,571 shares in the last quarter.
Invst LLC boosted its position in Alphabet by 3.2% in the 4th quarter. Invst LLC now owns 24,479 shares of the information services provider’s stock valued at $3,527,000 after buying an additional 753 shares during the period.
Finally, QRG Capital Management Inc. grew its stake in Alphabet by 9.0% in the 4th quarter.
QRG Capital Management Inc. now owns 812,598 shares of the information services provider’s stock worth $113,512,000 after acquiring an additional 66,859 shares in the last quarter. Institutional investors own 40.
03% of the company’s stock. Analyst Ratings Changes GOOGL has been the subject of several research analyst reports. Mizuho lifted their price target on shares of Alphabet from $205.
00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. JMP Securities reaffirmed a “market outperform” rating and set a $200.
00 target price on shares of Alphabet in a research report on Tuesday, July 30th. Wolfe Research began coverage on Alphabet in a research report on Tuesday, July 16th. They set an “outperform” rating and a $240.
00 price target on the stock. Guggenheim lifted their price objective on Alphabet from $195.00 to $205.
00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $200.
00 to $208.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. 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 stock.
According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.76.
Alphabet Trading Up 1.8 % Shares of NASDAQ:GOOGL opened at $157.46 on Monday.
The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.
04. Alphabet Inc. has a 52-week low of $120.
21 and a 52-week high of $191.75. The stock has a market cap 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 business has a 50-day moving average price of $167.46 and a 200-day moving average price of $164.
87. Alphabet ( NASDAQ:GOOGL – Get Free Report ) last posted its quarterly 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 company had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion.
During the same period last year, the firm posted $1.44 EPS. Equities analysts predict that Alphabet Inc.
will post 7.64 EPS for the current year. Alphabet Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th.
Shareholders of record on Monday, September 9th will be given a dividend of $0.20 per share. This represents a $0.
80 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Monday, September 9th.
Alphabet’s dividend payout ratio is currently 12.27%. Insider Activity In related news, 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 sale, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink .
In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.
54. Following the sale, the chief accounting officer now owns 30,650 shares in the company, valued at $5,623,355.50.
The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . Also, insider John Kent Walker sold 21,467 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.
35, for a total transaction of $3,442,233.45. Following the completion of the transaction, the insider now owns 39,334 shares of the company’s stock, valued at approximately $6,307,206.
90. The disclosure for this sale can be found here . Insiders sold a total of 179,367 shares of company stock valued at $30,016,931 in the last quarter.
11.55% of the stock is currently owned by company insiders. Alphabet 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. Featured 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.
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