Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by One Capital Management LLC

One Capital Management LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 56.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,969 shares of the information services provider's stock after buying an additional 14,105 shares during the quarter. One Capital Management LLC's holdings in Alphabet were worth $7,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC lifted its stake in shares of Alphabet by 3.6% in the 2nd quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider's stock valued at $295,000 after purchasing an additional 57 shares during the last quarter. Hengehold Capital Management LLC lifted its position in Alphabet by 0.8% in the second quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider's stock worth $1,316,000 after buying an additional 60 shares during the last quarter. Christopher J. Hasenberg Inc lifted its position 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 buying an additional 60 shares during the last quarter. Joseph P. Lucia & Associates LLC boosted its stake in Alphabet by 1.0% during the first quarter. Joseph P. Lucia & Associates LLC now owns 6,624 shares of the information services provider's stock worth $1,000,000 after buying an additional 64 shares during the period. Finally, Sunflower Bank N.A. increased its position in Alphabet by 1.0% during the second quarter. Sunflower Bank N.A. now owns 6,309 shares of the information services provider's stock valued at $1,149,000 after acquiring an additional 65 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 682 shares of the firm's stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value of $125,126.54. Following the completion of the transaction, the chief accounting officer now directly owns 30,650 shares in the company, valued at $5,623,355.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $185.85, for a total transaction of $278,775.00. Following the sale, the director now directly owns 30,824 shares of the company's stock, valued at approximately $5,728,640.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 682 shares of the business's stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total value of $125,126.54. Following the completion of the transaction, the chief accounting officer now directly owns 30,650 shares of the company's stock, valued at approximately $5,623,355.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 177,605 shares of company stock valued at $29,277,931. 11.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GOOGL has been the subject of several analyst reports. Truist Financial restated a "buy" rating and issued a $196.00 target price on shares of Alphabet in a report on Monday, September 16th. Wedbush reissued an "outperform" rating and issued a $205.00 price objective on shares of Alphabet in a research note on Thursday, September 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 target price on shares of Alphabet in a research note on Friday, August 30th. Guggenheim raised their price target on Alphabet from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Finally, Piper Sandler dropped their price objective on Alphabet from $206.00 to $200.00 and set an "overweight" rating for the company in a report on Tuesday, September 10th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.35.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $163.95 on Monday. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market cap of $2.03 trillion, a PE ratio of 25.15, a P/E/G ratio of 1.21 and a beta of 1.04. The business has a 50-day simple moving average of $162.83 and a two-hundred day simple moving average of $166.68.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.04. The business had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter in the prior year, the business posted $1.44 EPS. As a group, equities analysts expect that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Alphabet's dividend payout ratio (DPR) is 12.27%.

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.