Compass Financial Group INC SD acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,141 shares of the information services provider's stock, valued at approximately $201,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in GOOGL. Missouri Trust & Investment Co grew its holdings in Alphabet by 0.3% in the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider's stock valued at $2,981,000 after buying an additional 55 shares in the last quarter. AM Investment Strategies LLC grew its holdings in Alphabet by 0.9% in the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider's stock valued at $1,141,000 after buying an additional 57 shares in the last quarter. Bfsg LLC grew its holdings in Alphabet by 0.6% in the 2nd quarter. Bfsg LLC now owns 10,428 shares of the information services provider's stock valued at $1,838,000 after buying an additional 59 shares in the last quarter. Financial Council LLC grew its holdings in Alphabet by 1.0% in the 2nd quarter. Financial Council LLC now owns 5,800 shares of the information services provider's stock valued at $1,022,000 after buying an additional 60 shares in the last quarter. Finally, Enzi Wealth grew its holdings in Alphabet by 2.5% in the 1st quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock valued at $408,000 after buying an additional 62 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.
Alphabet Stock Performance
Shares of Alphabet stock opened at $236.57 on Monday. The business has a 50-day moving average of $226.31 and a 200 day moving average of $188.84. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $256.00. The stock has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating 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 company had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.60 billion. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued a dividend of $0.21 per share. 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 dividend payout ratio (DPR) is 8.95%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. UBS Group upped their target price on Alphabet from $237.00 to $255.00 and gave the company a "neutral" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, September 3rd. Westpark Capital increased their price target on Alphabet from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Needham & Company LLC increased their price target on Alphabet from $220.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Finally, Wall Street Zen cut Alphabet from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $245.88.
Check Out Our Latest Research Report on Alphabet
Insider Activity at Alphabet
In related news, Director Kavitark Ram Shriram sold 18,566 shares of the firm's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the transaction, the director directly owned 243,400 shares in the company, valued at $45,213,984. This trade represents a 7.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $196.23, for a total value of $6,377,475.00. Following the transaction, the chief executive officer owned 2,494,892 shares of the company's stock, valued at $489,572,657.16. This trade represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 276,338 shares of company stock worth $59,062,683 in the last three months. 11.64% of the stock is owned by company insiders.
About Alphabet
(
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.
Further Reading
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).
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