Haverford Financial Services Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 25.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 48,168 shares of the information services provider's stock after acquiring an additional 9,704 shares during the period. Alphabet makes up about 2.3% of Haverford Financial Services Inc.'s investment portfolio, making the stock its 23rd biggest position. Haverford Financial Services Inc.'s holdings in Alphabet were worth $7,989,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in GOOGL. Vanguard Group Inc. boosted its holdings in shares of Alphabet by 0.8% in the first quarter. Vanguard Group Inc. now owns 497,874,324 shares of the information services provider's stock valued at $75,144,172,000 after buying an additional 4,064,073 shares during the period. Capital Research Global Investors grew its stake in shares of Alphabet by 14.4% in the first quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider's stock valued at $8,724,251,000 after acquiring an additional 7,275,757 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Alphabet by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 49,472,478 shares of the information services provider's stock valued at $9,011,412,000 after acquiring an additional 238,403 shares in the last quarter. Capital World Investors grew its stake in shares of Alphabet by 1.7% in the first quarter. Capital World Investors now owns 35,412,299 shares of the information services provider's stock valued at $5,344,778,000 after acquiring an additional 597,756 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Alphabet by 1.8% during the second quarter. American Century Companies Inc. now owns 23,465,190 shares of the information services provider's stock worth $4,274,184,000 after buying an additional 418,204 shares in the last quarter. 40.03% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Mizuho increased their target price on shares of Alphabet from $205.00 to $210.00 and gave the stock an "outperform" rating in a report on Wednesday, July 24th. Citigroup boosted their price target on shares of Alphabet from $190.00 to $212.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. JMP Securities upped their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 30th. Cantor Fitzgerald reissued a "neutral" rating and issued a $190.00 price target on shares of Alphabet in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.90.
Check Out Our Latest Analysis on GOOGL
Alphabet Stock Down 1.8 %
Shares of GOOGL stock traded down $3.30 during trading hours on Thursday, hitting $175.58. 30,994,235 shares of the company's stock traded hands, compared to its average volume of 27,120,920. The stock's fifty day simple moving average is $164.82 and its two-hundred day simple moving average is $170.04. 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 $2.15 trillion, a price-to-earnings ratio of 23.27, a PEG ratio of 1.29 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 announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same period in the previous year, the business earned $1.55 EPS. On average, analysts expect that Alphabet Inc. will post 7.99 EPS for the current year.
Alphabet Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet's dividend payout ratio (DPR) is presently 10.61%.
Insiders Place Their Bets
In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the transaction, the director now directly owns 319,966 shares in the company, valued at approximately $56,765,168.06. This trade represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,084,306 shares of the company's stock, valued at approximately $369,672,512.16. This represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 207,495 shares of company stock valued at $34,586,641. Company insiders own 11.55% of the company's stock.
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.
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