Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by GFS Advisors LLC

GFS Advisors LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 82,435.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,183 shares of the information services provider's stock after buying an additional 136,018 shares during the quarter. Alphabet accounts for approximately 4.8% of GFS Advisors LLC's holdings, making the stock its 2nd biggest holding. GFS Advisors LLC's holdings in Alphabet were worth $22,586,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Christopher J. Hasenberg Inc raised its stake in Alphabet by 75.0% during 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 in the last quarter. Kings Path Partners LLC bought a new stake in shares of Alphabet in the 2nd quarter worth about $36,000. Denver PWM LLC bought a new stake in shares of Alphabet in the 2nd quarter worth about $41,000. CarsonAllaria Wealth Management Ltd. increased its position in shares of Alphabet by 59.2% during 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 bought a new position in Alphabet during the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GOOGL. Rosenblatt Securities reaffirmed a "neutral" rating and set a $181.00 price objective on shares of Alphabet in a report on Wednesday, July 24th. DA Davidson initiated coverage on Alphabet in a report on Tuesday, September 10th. They set a "neutral" rating and a $170.00 price target for the company. Sanford C. Bernstein boosted their price objective on Alphabet from $180.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Pivotal Research raised their target price on Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Loop Capital upped their price target on shares of Alphabet from $170.00 to $185.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $205.90.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 21,467 shares of Alphabet stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total value of $3,442,233.45. Following the sale, the insider now directly owns 39,334 shares in the company, valued at approximately $6,307,206.90. The trade was a 35.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 441 shares of the business's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the sale, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 206,795 shares of company stock valued at $34,471,141 over the last three months. Company insiders own 11.55% of the company's stock.

Alphabet Stock Down 1.8 %

NASDAQ GOOGL traded down $3.09 during trading hours on Friday, reaching $172.49. 32,504,649 shares of the company's stock were exchanged, compared to its average volume of 27,145,184. 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 Inc. has a one year low of $127.90 and a one year high of $191.75. The company's 50-day moving average is $165.61 and its two-hundred day moving average is $170.13. The company has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates 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 business posted $1.55 earnings per share. On average, analysts forecast that Alphabet Inc. will post 7.99 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet's dividend payout ratio (DPR) is 10.61%.

About Alphabet

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.