English Capital Management LLC increased its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 122.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 23,537 shares of the information services provider's stock after purchasing an additional 12,939 shares during the period. Alphabet accounts for about 2.9% of English Capital Management LLC's holdings, making the stock its 19th biggest holding. English Capital Management LLC's holdings in Alphabet were worth $3,935,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Twelve Points Wealth Management LLC raised its position in Alphabet by 0.7% during the second quarter. Twelve Points Wealth Management LLC now owns 7,985 shares of the information services provider's stock valued at $1,465,000 after purchasing an additional 55 shares in the last quarter. PCG Wealth Advisors LLC raised its position in Alphabet by 3.1% during the second quarter. PCG Wealth Advisors LLC now owns 1,880 shares of the information services provider's stock valued at $345,000 after purchasing an additional 57 shares in the last quarter. Investment Advisory Services Inc. TX ADV raised its position in Alphabet by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,636 shares of the information services provider's stock valued at $667,000 after purchasing an additional 57 shares in the last quarter. Advisors Management Group Inc. ADV raised its position in Alphabet by 2.0% during the second quarter. Advisors Management Group Inc. ADV now owns 2,944 shares of the information services provider's stock valued at $540,000 after purchasing an additional 58 shares in the last quarter. Finally, Shira Ridge Wealth Management raised its position in Alphabet by 0.4% during the second quarter. Shira Ridge Wealth Management now owns 15,490 shares of the information services provider's stock valued at $2,841,000 after purchasing an additional 60 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.
Alphabet Stock Down 1.6 %
GOOG stock traded down $2.67 during mid-day trading on Friday, reaching $166.57. 24,497,042 shares of the company traded hands, compared to its average volume of 21,249,034. The stock has a market cap of $2.04 trillion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 1.18 and a beta of 1.04. 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 Inc. has a fifty-two week low of $129.40 and a fifty-two week high of $193.31. The firm's 50 day moving average price is $169.10 and its 200 day moving average price is $171.87.
Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results 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 firm had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $86.39 billion. During the same quarter last year, the firm earned $1.55 EPS. The company's quarterly revenue was up 15.1% compared to the same quarter last year. As a group, equities research analysts predict that Alphabet Inc. will post 8.01 EPS for the current fiscal year.
Alphabet Dividend Announcement
The company 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 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 0.48%. Alphabet's dividend payout ratio is currently 10.61%.
Insiders Place Their Bets
In related news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the sale, the director now owns 330,466 shares of the company's stock, valued at approximately $59,741,643.48. The trade was a 3.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the sale, the chief accounting officer now directly owns 32,017 shares in the company, valued at $5,136,807.48. This trade represents 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 valued at $34,673,866 in the last 90 days. 12.99% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. DA Davidson upgraded shares of Alphabet to a "hold" rating in a research report on Tuesday, September 10th. Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Citigroup upped their price target on shares of Alphabet from $212.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their price target on shares of Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Finally, Oppenheimer upped their price target on shares of Alphabet from $185.00 to $215.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $200.56.
Check Out Our Latest Stock Analysis on Alphabet
About Alphabet
(
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.
Featured Stories
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
