Eaton Financial Holdings Company LLC Takes Position in Alphabet Inc. (NASDAQ:GOOGL)

Eaton Financial Holdings Company LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,704 shares of the information services provider's stock, valued at approximately $4,097,000. Alphabet accounts for 1.7% of Eaton Financial Holdings Company LLC's investment portfolio, making the stock its 18th biggest holding.

A number of other large investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc raised its holdings in shares of 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 buying an additional 60 shares in the last quarter. LMR Partners LLP acquired a new position in Alphabet during the third quarter worth about $32,000. Kings Path Partners LLC bought a new position in shares of Alphabet in the second quarter worth about $36,000. Denver PWM LLC acquired a new stake in shares of Alphabet in the 2nd quarter valued at approximately $41,000. Finally, Quarry LP bought a new stake in shares of Alphabet during the 2nd quarter valued at approximately $53,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several research reports. KeyCorp increased their price objective on shares of Alphabet from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Sanford C. Bernstein increased their price target on Alphabet from $180.00 to $185.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on Alphabet from $204.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their target price on Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Evercore ISI lifted their price target on Alphabet from $200.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the company. According to MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average price target of $206.69.

Alphabet Stock Up 0.1 %

Alphabet stock traded up $0.11 during mid-day trading on Thursday, reaching $188.51. The stock had a trading volume of 32,167,189 shares, compared to its average volume of 27,582,375. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $201.42. The stock's 50-day simple moving average is $173.46 and its 200-day simple moving average is $171.09. The firm has a market capitalization of $2.31 trillion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the firm posted $1.55 EPS. On average, sell-side analysts forecast that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's dividend payout ratio is currently 10.61%.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 441 shares of the company's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares in the company, valued at $2,820,779.40. This represents a 2.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 700 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $165.00, for a total transaction of $115,500.00. Following the completion of the sale, the director now owns 27,824 shares of the company's stock, valued at approximately $4,590,960. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 178,957 shares of company stock valued at $31,358,687 over the last ninety days. 11.55% of the stock is currently owned by insiders.

Alphabet Company Profile

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.