Alphabet Inc. (NASDAQ:GOOGL) Stake Increased by Capital Management Corp VA

Capital Management Corp VA raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,676 shares of the information services provider's stock after acquiring an additional 4,291 shares during the period. Capital Management Corp VA's holdings in Alphabet were worth $7,078,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GOOGL. Christopher J. Hasenberg Inc lifted its stake in Alphabet by 75.0% in the second 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 last quarter. Kings Path Partners LLC purchased a new position in Alphabet in the second quarter worth approximately $36,000. Denver PWM LLC purchased a new position in Alphabet in the second quarter worth approximately $41,000. Quarry LP purchased a new position in Alphabet in the second quarter worth approximately $53,000. Finally, Summit Securities Group LLC purchased a new position in Alphabet in the second quarter worth approximately $55,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ:GOOGL traded up $2.81 on Monday, reaching $175.30. 19,429,254 shares of the company were exchanged, compared to its average volume of 27,110,707. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1-year low of $127.90 and a 1-year high of $191.75. The firm has a market cap of $2.15 trillion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03. The company has a 50-day moving average of $165.61 and a 200-day moving average of $170.22.

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

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet's dividend payout ratio is presently 10.61%.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the transaction, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. This represents a 3.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,795 shares of company stock worth $34,471,141. Corporate insiders own 11.55% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GOOGL. Guggenheim lifted their price target on shares of Alphabet from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. KeyCorp boosted their price objective on shares of Alphabet from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on shares of Alphabet from $204.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Mizuho boosted their price objective on shares of Alphabet from $205.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 24th. Finally, Phillip Securities upgraded shares of 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 assigned a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.90.

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.