Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,092,826 shares of the information services provider's stock after acquiring an additional 51,037 shares during the period. Alphabet makes up 1.7% of Caisse DE Depot ET Placement DU Quebec's holdings, making the stock its 9th largest position. Caisse DE Depot ET Placement DU Quebec's holdings in Alphabet were worth $787,555,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Nia Impact Advisors LLC raised its holdings in Alphabet by 0.3% during the fourth quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock worth $3,249,000 after purchasing an additional 59 shares in the last quarter. Enzi Wealth raised its position in Alphabet by 2.5% in the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock worth $408,000 after acquiring an additional 62 shares in the last quarter. Whipplewood Advisors LLC raised its position in Alphabet by 1.2% in the first quarter. Whipplewood Advisors LLC now owns 5,438 shares of the information services provider's stock worth $817,000 after acquiring an additional 67 shares in the last quarter. Aspire Capital Advisors LLC raised its holdings in shares of Alphabet by 1.0% in the 1st quarter. Aspire Capital Advisors LLC now owns 7,020 shares of the information services provider's stock worth $1,086,000 after purchasing an additional 67 shares in the last quarter. Finally, Rainey & Randall Wealth Advisors Inc. raised its holdings in shares of Alphabet by 2.1% in the 1st quarter. Rainey & Randall Wealth Advisors Inc. now owns 3,209 shares of the information services provider's stock worth $496,000 after purchasing an additional 67 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Alphabet
In related news, insider John Kent Walker sold 23,820 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the transaction, the insider directly owned 42,999 shares of the company's stock, valued at approximately $8,371,905.30. This trade represents a 35.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 1,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the transaction, the director owned 6,916 shares in the company, valued at approximately $1,383,200. This trade represents a 12.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,710 shares of company stock valued at $47,225,230. Corporate insiders own 11.64% of the company's stock.
Alphabet Stock Up 0.6%
GOOGL stock traded up $1.27 during mid-day trading on Friday, hitting $212.91. The stock had a trading volume of 39,702,089 shares, compared to its average volume of 28,893,466. The company has a fifty day moving average of $190.44 and a 200 day moving average of $174.05. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $214.65. The stock has a market capitalization of $2.57 trillion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.43 and a beta of 1.01. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data 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. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. On average, equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's dividend payout ratio is presently 8.95%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on GOOGL shares. UBS Group boosted their target price on Alphabet from $192.00 to $202.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Roth Capital boosted their price target on shares of Alphabet from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Barclays boosted their target price on shares of Alphabet from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Needham & Company LLC reissued a "buy" rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, August 21st. Finally, Citigroup upped their price target on Alphabet from $203.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $211.53.
Get Our Latest Stock Analysis on Alphabet
Alphabet Company 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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