Nabity Jensen Investment Management Inc Makes New Investment in Alphabet Inc. (NASDAQ:GOOGL)

Nabity Jensen Investment Management Inc bought a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,905 shares of the information services provider's stock, valued at approximately $1,311,000. Alphabet accounts for approximately 1.0% of Nabity Jensen Investment Management Inc's holdings, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. Christopher J. Hasenberg Inc grew its stake in 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 purchasing an additional 60 shares in the last quarter. LMR Partners LLP bought a new position in shares of Alphabet during the third quarter worth about $32,000. Kings Path Partners LLC acquired a new position in Alphabet in the second quarter worth about $36,000. Denver PWM LLC bought a new stake in Alphabet in the second quarter valued at about $41,000. Finally, Quarry LP acquired a new stake in Alphabet during the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Trading Down 0.6 %

Shares of GOOGL stock traded down $1.24 during trading hours on Tuesday, reaching $195.42. The company had a trading volume of 43,485,207 shares, compared to its average volume of 27,531,410. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42. The company has a 50 day moving average of $172.93 and a 200 day moving average of $170.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share 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 company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period last year, the business posted $1.55 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.41%. Alphabet's dividend payout ratio is currently 10.61%.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the sale, the director now owns 23,324 shares in the company, valued at $4,529,987.28. This represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 201,457 shares of company stock worth $34,972,862. Corporate insiders own 11.55% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on GOOGL. Roth Mkm upped their price objective on Alphabet from $206.00 to $212.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. JMP Securities increased their price target on Alphabet from $200.00 to $220.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 30th. Cantor Fitzgerald reissued a "neutral" rating and set a $190.00 target price on shares of Alphabet in a report on Wednesday, October 30th. Truist Financial lifted their target price on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Loop Capital raised their price objective on shares of Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

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.