Segall Bryant & Hamill LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 15.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,802 shares of the information services provider's stock after purchasing an additional 42,016 shares during the period. Alphabet comprises 0.7% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 17th largest position. Segall Bryant & Hamill LLC's holdings in Alphabet were worth $52,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its position in shares of Alphabet by 360.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 20,249 shares of the information services provider's stock worth $3,083,000 after acquiring an additional 15,848 shares in the last quarter. Quent Capital LLC increased its stake in shares of Alphabet by 5.8% in the 1st quarter. Quent Capital LLC now owns 32,706 shares of the information services provider's stock worth $4,980,000 after acquiring an additional 1,798 shares in the last quarter. Empowered Funds LLC lifted its position in Alphabet by 19.0% during the 1st quarter. Empowered Funds LLC now owns 86,040 shares of the information services provider's stock valued at $13,100,000 after acquiring an additional 13,756 shares during the period. Burns Matteson Capital Management LLC bought a new stake in Alphabet during the first quarter worth about $203,000. Finally, CreativeOne Wealth LLC grew its holdings in Alphabet by 41.0% in the first quarter. CreativeOne Wealth LLC now owns 16,530 shares of the information services provider's stock worth $2,516,000 after purchasing an additional 4,809 shares during the period. Institutional investors own 27.26% of the company's stock.
Insider Buying and Selling
In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This trade represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the transaction, the director now directly owns 319,966 shares in the company, valued at $56,765,168.06. This represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,295 shares of company stock worth $30,698,791. Corporate insiders own 12.99% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Pivotal Research increased their target price on Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Cantor Fitzgerald upgraded shares of Alphabet to a "hold" rating in a research report on Thursday, September 5th. Phillip Securities upgraded shares of Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Wells Fargo & Company raised their price target on Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Finally, UBS Group increased their target price on Alphabet from $187.00 to $192.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.56.
View Our Latest Stock Report on Alphabet
Alphabet Price Performance
GOOG stock traded down $3.07 during trading on Wednesday, reaching $176.51. The company's stock had a trading volume of 5,394,426 shares, compared to its average volume of 19,497,586. The company has a market capitalization of $2.16 trillion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 1.22 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. The company's fifty day moving average is $168.15 and its 200-day moving average is $171.87. Alphabet Inc. has a 1 year low of $129.40 and a 1 year high of $193.31.
Alphabet (NASDAQ:GOOG - Get Free Report) last released 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. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 earnings per share. On average, research analysts expect that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The company also recently announced 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 is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. Alphabet's dividend payout ratio (DPR) is 10.61%.
Alphabet Company Profile
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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.
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