Alphabet Inc. $GOOGL Shares Purchased by Sava Infond d.o.o.

Key Points

• Sava Infond d.o.o. increased its holdings in Alphabet Inc. by 9.1% in Q2, acquiring an additional 11,700 shares, making Alphabet the fund's 8th largest position.
• Alphabet reported an earnings per share of $2.31 for Q2, surpassing estimates and generating $96.43 billion in revenue.
• The company announced a quarterly dividend of $0.21 per share, with an annualized yield of 0.4% and a payout ratio of 8.95%.

Sava Infond d.o.o. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,790 shares of the information services provider's stock after acquiring an additional 11,700 shares during the quarter. Alphabet accounts for 3.9% of Sava Infond d.o.o.'s holdings, making the stock its 8th biggest position. Sava Infond d.o.o.'s holdings in Alphabet were worth $24,811,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at approximately $4,317,606,000. Vanguard Group Inc. boosted its holdings in shares of Alphabet by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider's stock valued at $78,839,544,000 after buying an additional 14,307,345 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Alphabet by 11.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 43,865,520 shares of the information services provider's stock valued at $6,783,364,000 after buying an additional 4,473,901 shares during the last quarter. Amundi boosted its holdings in shares of Alphabet by 11.8% in the 1st quarter. Amundi now owns 33,403,871 shares of the information services provider's stock valued at $5,034,992,000 after buying an additional 3,537,173 shares during the last quarter. Finally, Evergreen Quality Fund GP Ltd. boosted its holdings in shares of Alphabet by 178.3% in the 1st quarter. Evergreen Quality Fund GP Ltd. now owns 4,003,900 shares of the information services provider's stock valued at $619,163,000 after buying an additional 2,565,400 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Down 2.1%

GOOGL stock opened at $236.57 on Friday. 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 stock has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.60 and a beta of 1.00. The business's fifty day moving average price is $226.31 and its two-hundred day moving average price is $188.66. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $256.00.

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

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were given a dividend of $0.21 per share. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.4%. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 23,820 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider owned 42,999 shares in the company, valued at $8,371,905.30. This trade represents a 35.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the firm's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the transaction, the director owned 243,400 shares in the company, valued at $45,213,984. The trade was a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 276,738 shares of company stock worth $59,135,475 in the last 90 days. Company insiders own 11.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Moffett Nathanson increased their price objective on Alphabet from $230.00 to $295.00 and gave the company a "buy" rating in a report on Thursday, September 25th. Phillip Securities downgraded Alphabet from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, September 8th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a report on Wednesday. Canaccord Genuity Group increased their price objective on Alphabet from $230.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, September 4th. Finally, Hsbc Global Res raised Alphabet to a "strong-buy" rating in a report on Tuesday, October 7th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $245.88.

About Alphabet

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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