Eagle Strategies LLC Raises Stake in Alphabet Inc. (NASDAQ:GOOGL)

Eagle Strategies LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 80.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,447 shares of the information services provider's stock after buying an additional 3,776 shares during the quarter. Eagle Strategies LLC's holdings in Alphabet were worth $1,401,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc lifted 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 valued at $26,000 after buying an additional 60 shares in the last quarter. Kings Path Partners LLC purchased a new stake in Alphabet in the 2nd quarter worth approximately $36,000. Denver PWM LLC purchased a new stake in Alphabet in the 2nd quarter worth approximately $41,000. CarsonAllaria Wealth Management Ltd. lifted its stake in Alphabet by 59.2% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider's stock worth $44,000 after purchasing an additional 109 shares in the last quarter. Finally, Quarry LP purchased a new stake in Alphabet in the 2nd quarter worth approximately $53,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 1.1 %

Shares of NASDAQ:GOOGL traded up $2.00 on Monday, hitting $180.35. The company had a trading volume of 17,439,302 shares, compared to its average volume of 27,130,313. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75. The firm has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.27 and a beta of 1.03. The firm's 50-day simple moving average is $163.54 and its two-hundred day simple moving average is $169.74. 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 issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period last year, the company posted $1.55 EPS. Equities analysts anticipate that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. Alphabet's dividend payout ratio is currently 10.61%.

Analyst Ratings Changes

Several research firms have issued reports on GOOGL. Cantor Fitzgerald reiterated a "neutral" rating and issued a $190.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. Truist Financial increased their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. China Renaissance upgraded shares of Alphabet from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Roth Mkm increased their price target on shares of Alphabet from $206.00 to $212.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Guggenheim increased their price target on shares of Alphabet from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Seven 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $205.90.

Insider Buying and Selling at Alphabet

In other news, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 21,467 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the sale, the insider now owns 39,334 shares of the company's stock, valued at $6,307,206.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 241,752 shares of company stock worth $40,156,829. 11.55% of the stock is owned by corporate 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.