Alphabet Inc. $GOOGL Shares Bought by Hill Island Financial LLC

Key Points

• Hill Island Financial LLC increased its stake in Alphabet Inc. by 152.6% in the second quarter, owning 5,292 shares worth approximately $933,000 after acquiring an additional 3,197 shares.
• Insider transactions included CAO Amie Thuener O'toole selling 953 shares for a total of $229,863.60 while Director Frances Arnold sold 103 shares for about $25,042.39.
• Alphabet recently declared a quarterly dividend of $0.21 per share, leading to an annualized yield of 0.4%, with a payout ratio of 8.95%.

Hill Island Financial LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 152.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,292 shares of the information services provider's stock after acquiring an additional 3,197 shares during the period. Hill Island Financial LLC's holdings in Alphabet were worth $933,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mystic Asset Management Inc. lifted its stake in shares of Alphabet by 6.7% in the 1st quarter. Mystic Asset Management Inc. now owns 28,454 shares of the information services provider's stock worth $4,400,000 after acquiring an additional 1,791 shares during the period. Harbour Trust & Investment Management Co lifted its stake in shares of Alphabet by 0.3% in the first quarter. Harbour Trust & Investment Management Co now owns 27,075 shares of the information services provider's stock valued at $4,187,000 after purchasing an additional 80 shares during the period. Cypress Capital LLC lifted its stake in shares of Alphabet by 4.1% in the first quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider's stock valued at $2,213,000 after purchasing an additional 563 shares during the period. Bridgeway Capital Management LLC lifted its stake in shares of Alphabet by 17.9% in the first quarter. Bridgeway Capital Management LLC now owns 88,187 shares of the information services provider's stock valued at $13,637,000 after purchasing an additional 13,371 shares during the period. Finally, Alaethes Wealth LLC lifted its stake in shares of Alphabet by 1.1% in the first quarter. Alaethes Wealth LLC now owns 7,646 shares of the information services provider's stock valued at $1,182,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O'toole sold 953 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $241.20, for a total value of $229,863.60. Following the completion of the sale, the chief accounting officer directly owned 17,294 shares in the company, valued at approximately $4,171,312.80. The trade was a 5.22% 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 the SEC website. Also, Director Frances Arnold sold 103 shares of the business's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total transaction of $25,042.39. Following the completion of the sale, the director owned 17,284 shares of the company's stock, valued at approximately $4,202,258.92. The trade was a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 276,338 shares of company stock valued at $59,062,683 in the last quarter. Insiders own 11.64% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $236.57 on Monday. The company has a market cap of $2.86 trillion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $256.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The company has a 50-day simple moving average of $226.31 and a 200-day simple moving average of $188.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.16. The business had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. On average, equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, September 8th. Alphabet's payout ratio is presently 8.95%.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent analyst reports. Canaccord Genuity Group raised their price objective on shares of Alphabet from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. Loop Capital reiterated a "hold" rating and issued a $190.00 price objective (up previously from $165.00) on shares of Alphabet in a research note on Tuesday, August 5th. BNP Paribas Exane reiterated a "neutral" rating and issued a $172.00 price objective on shares of Alphabet in a research note on Friday, June 27th. Oppenheimer reiterated an "outperform" rating and issued a $270.00 price objective (up previously from $235.00) on shares of Alphabet in a research note on Tuesday, September 2nd. Finally, Guggenheim raised their price objective on shares of Alphabet from $190.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $245.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.