Bellecapital International Ltd. Boosts Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Bellecapital International Ltd. raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,435 shares of the information services provider's stock after buying an additional 3,169 shares during the period. Alphabet makes up approximately 3.9% of Bellecapital International Ltd.'s portfolio, making the stock its 6th largest position. Bellecapital International Ltd.'s holdings in Alphabet were worth $19,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MorganRosel Wealth Management LLC raised its position in Alphabet by 3.6% during the second quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider's stock valued at $295,000 after buying an additional 57 shares during the period. Hengehold Capital Management LLC grew its stake in Alphabet by 0.8% during the 2nd quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider's stock valued at $1,316,000 after acquiring an additional 60 shares in the last quarter. Christopher J. Hasenberg Inc increased its holdings in shares of Alphabet by 75.0% in 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 during the period. First PREMIER Bank lifted its position in shares of Alphabet by 3.8% in the third quarter. First PREMIER Bank now owns 1,655 shares of the information services provider's stock worth $275,000 after purchasing an additional 61 shares in the last quarter. Finally, MKT Advisors LLC boosted its holdings in shares of Alphabet by 0.8% during the third quarter. MKT Advisors LLC now owns 7,363 shares of the information services provider's stock worth $1,221,000 after purchasing an additional 62 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 1.9 %

NASDAQ GOOGL traded down $3.35 during trading hours on Thursday, hitting $171.11. The company's stock had a trading volume of 44,707,297 shares, compared to its average volume of 27,224,047. Alphabet Inc. has a twelve month low of $122.68 and a twelve month high of $191.75. The firm has a market capitalization of $2.11 trillion, a P/E ratio of 26.24, a PEG ratio of 1.27 and a beta of 1.04. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $162.32 and a 200 day moving average of $168.79.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 7.65 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet's payout ratio is presently 12.27%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 1,367 shares of Alphabet stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the transaction, the chief accounting officer now owns 29,183 shares in the company, valued at $4,927,257.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the sale, the chief accounting officer now directly owns 29,183 shares of the company's stock, valued at approximately $4,927,257.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares of the company's stock, valued at approximately $354,310,204.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 220,426 shares of company stock worth $35,993,340. Corporate insiders own 11.55% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on GOOGL shares. Citigroup increased their price target on shares of Alphabet from $190.00 to $212.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Piper Sandler reissued an "overweight" rating and issued a $210.00 price target (up previously from $200.00) on shares of Alphabet in a research report on Wednesday. BMO Capital Markets reaffirmed an "outperform" rating and set a $217.00 price objective (up from $215.00) on shares of Alphabet in a report on Wednesday. Tigress Financial lifted their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a "strong-buy" rating in a report on Thursday, September 26th. Finally, Pivotal Research boosted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.51.

Alphabet 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.