Alphabet Inc. $GOOG Shares Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 12.8% in the second quarter, Holdings Channel reports. The fund owned 43,060 shares of the information services provider’s stock after buying an additional 4,901 shares during the period. Capital Fund Management S.A.’s holdings in Alphabet were worth $7,638,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Brighton Jones LLC lifted its position in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after buying an additional 6,410 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Alphabet in the 1st quarter worth $337,000. Beta Wealth Group Inc. boosted its position in shares of Alphabet by 2.3% during the 1st quarter. Beta Wealth Group Inc. now owns 18,577 shares of the information services provider’s stock valued at $2,902,000 after acquiring an additional 426 shares during the last quarter. Liberty Wealth Management LLC grew its holdings in shares of Alphabet by 2,100.2% in the first quarter. Liberty Wealth Management LLC now owns 346,793 shares of the information services provider’s stock valued at $54,179,000 after purchasing an additional 331,031 shares during the period. Finally, Cheviot Value Management LLC increased its position in Alphabet by 221.9% during the first quarter. Cheviot Value Management LLC now owns 4,298 shares of the information services provider’s stock worth $714,000 after purchasing an additional 2,963 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several recent analyst reports. Cowen reiterated a “buy” rating on shares of Alphabet in a report on Thursday, October 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $340.00 price objective on shares of Alphabet in a report on Thursday, October 30th. Mizuho set a $325.00 target price on Alphabet in a research note on Thursday, October 30th. Citigroup restated a “market outperform” rating on shares of Alphabet in a research report on Monday, November 24th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $330.00 price target on shares of Alphabet in a report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $304.62.

Alphabet Stock Down 0.1%

NASDAQ:GOOG opened at $319.95 on Monday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $328.67. The stock’s fifty day moving average is $269.82 and its two-hundred day moving average is $220.34. The stock has a market capitalization of $3.86 trillion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The business had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. During the same period in the previous year, the firm posted $2.12 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. Research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio is currently 8.28%.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $296.64, for a total value of $9,640,800.00. Following the completion of the transaction, the chief executive officer owned 2,304,619 shares in the company, valued at approximately $683,642,180.16. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $291.80, for a total transaction of $32,681.60. Following the completion of the transaction, the director owned 18,004 shares of the company’s stock, valued at $5,253,567.20. This trade represents a 0.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 227,850 shares of company stock worth $58,874,814 over the last ninety days. Company insiders own 12.99% of the company’s stock.

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.