Ameliora Wealth Management Ltd. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,014 shares of the information services provider's stock after selling 2,633 shares during the quarter. Alphabet makes up about 1.1% of Ameliora Wealth Management Ltd.'s investment portfolio, making the stock its 25th biggest position. Ameliora Wealth Management Ltd.'s holdings in Alphabet were worth $3,175,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. grew its stake in Alphabet by 6.0% during the second quarter. Meitav Investment House Ltd. now owns 112,195 shares of the information services provider's stock worth $19,771,000 after buying an additional 6,334 shares during the last quarter. Foresight Capital Management Advisors Inc. grew its stake in Alphabet by 3.1% during the second quarter. Foresight Capital Management Advisors Inc. now owns 16,363 shares of the information services provider's stock worth $2,884,000 after buying an additional 488 shares during the last quarter. Tcfg Wealth Management LLC grew its stake in Alphabet by 29.2% during the second quarter. Tcfg Wealth Management LLC now owns 10,209 shares of the information services provider's stock worth $1,799,000 after buying an additional 2,308 shares during the last quarter. Defined Financial Planning LLC grew its stake in Alphabet by 2.7% during the second quarter. Defined Financial Planning LLC now owns 4,227 shares of the information services provider's stock worth $769,000 after buying an additional 110 shares during the last quarter. Finally, Country Club Bank grew its stake in Alphabet by 2.6% during the second quarter. Country Club Bank now owns 26,733 shares of the information services provider's stock worth $4,773,000 after buying an additional 666 shares during the last quarter. 40.03% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $243.41, for a total value of $7,910,825.00. Following the sale, the chief executive officer directly owned 2,402,119 shares in the company, valued at approximately $584,699,785.79. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 953 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $241.20, for a total transaction of $229,863.60. Following the sale, the chief accounting officer 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 disclosure for this sale can be found here. In the last quarter, insiders sold 244,438 shares of company stock valued at $53,216,085. 11.64% of the stock is owned by company insiders.
Alphabet Trading Up 2.3%
GOOGL opened at $251.03 on Thursday. The firm's fifty day moving average is $229.41 and its two-hundred day moving average is $190.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $3.04 trillion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $256.00.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results 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 company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. Equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were issued a $0.21 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 8.95%.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Wells Fargo & Company set a $236.00 price target on shares of Alphabet and gave the company an "equal weight" rating in a research note on Tuesday, October 7th. Jefferies Financial Group increased their price target on shares of Alphabet from $230.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Morgan Stanley set a $270.00 price objective on shares of Alphabet and gave the company an "overweight" rating in a research note on Thursday, October 2nd. UBS Group lifted their target price on shares of Alphabet from $237.00 to $255.00 and gave the stock a "neutral" rating in a report on Thursday, October 9th. Finally, BNP Paribas lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $249.26.
View Our Latest Stock Analysis on Alphabet
Alphabet Profile
(
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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