AHL Investment Management Inc. Invests $821,000 in Alphabet Inc. (NASDAQ:GOOGL)

AHL Investment Management Inc. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,953 shares of the information services provider's stock, valued at approximately $821,000.

Several other institutional investors have also recently made changes to their positions in the stock. Christopher J. Hasenberg Inc boosted its stake 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 acquiring an additional 60 shares during the period. Kings Path Partners LLC bought a new position in shares of Alphabet during the 2nd quarter worth approximately $36,000. Denver PWM LLC bought a new position in shares of Alphabet during the 2nd quarter worth approximately $41,000. Quarry LP bought a new position in shares of Alphabet during the 2nd quarter worth approximately $53,000. Finally, Summit Securities Group LLC bought a new stake in Alphabet in the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on GOOGL. Roth Mkm boosted their price target on Alphabet from $206.00 to $212.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their price target on Alphabet from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Tigress Financial upped their target price on Alphabet from $210.00 to $220.00 and gave the company a "strong-buy" rating in a research report on Thursday, September 26th. Wells Fargo & Company upped 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, Phillip Securities upgraded Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.90.

Alphabet Trading Up 1.6 %

Shares of NASDAQ GOOGL traded up $2.82 during trading on Tuesday, reaching $178.12. The company had a trading volume of 23,402,831 shares, compared to its average volume of 27,097,613. The company's fifty day moving average price is $166.74 and its 200-day moving average price is $170.36. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The stock has a market cap of $2.18 trillion, a P/E ratio of 23.62, a PEG ratio of 1.23 and a beta of 1.03. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, research analysts expect that Alphabet Inc. will post 7.99 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. Alphabet's payout ratio is 10.61%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the sale, the chief executive officer now owns 2,159,885 shares in the company, valued at $362,126,319.10. This represents a 1.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 682 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the transaction, the chief accounting officer now owns 32,017 shares in the company, valued at approximately $5,136,807.48. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,795 shares of company stock worth $34,471,141 in the last 90 days. Corporate insiders own 11.55% of the company's stock.

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.