Kera Capital Partners Inc. Purchases 2,454 Shares of Alphabet Inc. $GOOG

Key Points

• Kera Capital Partners Inc. has increased its stake in Alphabet Inc. by 8.2%, acquiring an additional 2,454 shares to reach a total of 32,209 shares, valued at approximately $5.7 million.
• Alphabet recently posted a net income of $2.31 per share, surpassing analysts' expectations, with revenue of $96.43 billion, marking a 13.8% increase year-over-year.
• The company announced a quarterly dividend of $0.21 per share, amounting to an annual yield of 0.3%, with the payment scheduled for September 15th.

Kera Capital Partners Inc. raised its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 32,209 shares of the information services provider's stock after acquiring an additional 2,454 shares during the period. Alphabet comprises 1.1% of Kera Capital Partners Inc.'s portfolio, making the stock its 24th biggest position. Kera Capital Partners Inc.'s holdings in Alphabet were worth $5,713,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Alphabet during the 1st quarter worth approximately $2,622,943,000. GAMMA Investing LLC increased its position in shares of Alphabet by 18,562.3% during the 1st quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider's stock worth $2,237,733,000 after purchasing an additional 14,246,573 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Alphabet by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider's stock worth $64,299,725,000 after purchasing an additional 9,687,855 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Alphabet by 9.9% during the 1st quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider's stock worth $15,971,861,000 after purchasing an additional 9,243,959 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Alphabet during the 4th quarter worth approximately $786,942,000. Institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 0.2%

GOOG stock opened at $241.38 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.92 trillion, a PE ratio of 25.71, a PEG ratio of 1.62 and a beta of 1.01. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $242.57. The business's 50 day simple moving average is $202.67 and its 200 day simple moving average is $178.83.

Alphabet (NASDAQ:GOOG - 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 analysts' consensus estimates of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. During the same period in the previous year, the firm earned $1.89 EPS. The firm's revenue was up 13.8% compared to the same quarter last year. As a group, research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's dividend payout ratio is currently 8.95%.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,000 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $200.00, for a total value of $200,000.00. Following the transaction, the director directly owned 6,916 shares of the company's stock, valued at $1,383,200. This represents a 12.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares in the company, valued at approximately $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 254,710 shares of company stock valued at $49,208,380. Corporate insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GOOG shares. BNP Paribas lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. boosted their price target on Alphabet from $232.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. Roth Capital reissued a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Pivotal Research boosted their target price on Alphabet from $245.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Finally, Cowen reissued a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $227.56.

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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