Cwm LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 383,108 shares of the information services provider's stock after buying an additional 24,286 shares during the quarter. Cwm LLC's holdings in Alphabet were worth $67,960,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the company. Lawson Kroeker Investment Management Inc. NE grew its holdings in shares of Alphabet by 1.3% during the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 98,456 shares of the information services provider's stock valued at $17,465,000 after buying an additional 1,226 shares during the last quarter. Lodestar Private Asset Management LLC grew its holdings in shares of Alphabet by 3.1% during the second quarter. Lodestar Private Asset Management LLC now owns 5,168 shares of the information services provider's stock valued at $917,000 after buying an additional 157 shares during the last quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. grew its holdings in shares of Alphabet by 94.4% during the second quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. now owns 168,185 shares of the information services provider's stock valued at $29,834,000 after buying an additional 81,666 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Alphabet by 24.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 544,549 shares of the information services provider's stock valued at $96,730,000 after buying an additional 108,493 shares during the last quarter. Finally, Oak Ridge Investments LLC grew its holdings in shares of Alphabet by 0.6% during the second quarter. Oak Ridge Investments LLC now owns 236,769 shares of the information services provider's stock valued at $42,000,000 after buying an additional 1,323 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. KeyCorp set a $265.00 price target on shares of Alphabet in a report on Wednesday, September 3rd. JPMorgan Chase & Co. increased their price target on shares of Alphabet from $232.00 to $260.00 and gave the company an "overweight" rating in a report on Wednesday, September 3rd. Piper Sandler reiterated a "neutral" rating on shares of Alphabet in a report on Wednesday, July 9th. 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 report on Thursday, October 2nd. Finally, Hsbc Global Res upgraded shares of Alphabet to a "strong-buy" rating in a report on Tuesday, October 7th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $241.00.
Get Our Latest Stock Report on Alphabet
Insider Buying and Selling at Alphabet
In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total value of $8,108,750.00. Following the transaction, the chief executive officer directly owned 2,397,392 shares in the company, valued at approximately $598,149,304. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the sale, the insider owned 42,999 shares in the company, valued at $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 244,438 shares of company stock valued at $53,216,085 over the last three months. Insiders own 12.99% of the company's stock.
Alphabet Stock Up 2.2%
GOOG opened at $251.71 on Thursday. 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 Inc. has a 1-year low of $142.66 and a 1-year high of $256.70. The company has a market capitalization of $3.04 trillion, a PE ratio of 26.81, a PEG ratio of 1.66 and a beta of 1.00. The firm's 50 day simple moving average is $230.06 and its two-hundred day simple moving average is $191.42.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same period last year, the firm earned $1.89 earnings per share. The company's quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.
Alphabet Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were given 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 presently 8.95%.
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 GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).
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