Anchor Investment Management LLC Has $16.51 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Anchor Investment Management LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,520 shares of the information services provider's stock after purchasing an additional 5,267 shares during the quarter. Alphabet makes up 1.6% of Anchor Investment Management LLC's investment portfolio, making the stock its 12th largest holding. Anchor Investment Management LLC's holdings in Alphabet were worth $16,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. International Assets Investment Management LLC lifted its holdings in shares of Alphabet by 43,005.6% in the third quarter. International Assets Investment Management LLC now owns 18,743,594 shares of the information services provider's stock valued at $31,086,250,000 after purchasing an additional 18,700,111 shares in the last quarter. SG Americas Securities LLC raised its position in Alphabet by 587.4% during the third quarter. SG Americas Securities LLC now owns 10,690,326 shares of the information services provider's stock valued at $1,772,991,000 after buying an additional 9,135,056 shares during the period. Assenagon Asset Management S.A. raised its position in Alphabet by 116.4% during the third quarter. Assenagon Asset Management S.A. now owns 8,670,225 shares of the information services provider's stock valued at $1,437,957,000 after buying an additional 4,662,809 shares during the period. Wulff Hansen & CO. lifted its stake in Alphabet by 18,810.2% in the 2nd quarter. Wulff Hansen & CO. now owns 4,434,260 shares of the information services provider's stock worth $807,700,000 after acquiring an additional 4,410,811 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Alphabet by 91.0% during the 2nd quarter. National Bank of Canada FI now owns 7,928,470 shares of the information services provider's stock worth $1,450,599,000 after acquiring an additional 3,777,527 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Price Performance

NASDAQ GOOGL traded up $0.11 during trading on Thursday, reaching $188.51. 32,167,189 shares of the company traded hands, compared to its average volume of 27,582,375. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 1.39 and a beta of 1.01. The stock's 50 day moving average price is $173.46 and its two-hundred day moving average price is $171.09. 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 (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business 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 firm earned $1.55 EPS. As a group, analysts anticipate that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's payout ratio is 10.61%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Needham & Company LLC restated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. Bank of America raised their price target on Alphabet from $206.00 to $210.00 and gave the stock a "buy" 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 research note on Wednesday, October 30th. Finally, Evercore ISI raised their price objective on shares of Alphabet from $200.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.69.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 700 shares of the company's 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 sale, the director now directly owns 27,824 shares of the company's stock, valued at approximately $4,590,960. This represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $167.07, for a total transaction of $3,759,075.00. Following the completion of the transaction, the chief executive officer now owns 2,129,306 shares of the company's stock, valued at $355,743,153.42. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 178,957 shares of company stock worth $31,358,687 in the last quarter. 11.55% of the stock is owned by corporate insiders.

Alphabet 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.