Kooman & Associates Makes New $229,000 Investment in Alphabet Inc. $GOOGL

Key Points

• Kooman & Associates has made a new investment in Alphabet Inc., purchasing 1,300 shares valued at approximately $229,000.
• Alphabet's most recent earnings report showed an earnings per share (EPS) of $2.31, exceeding analysts' expectations, and a total revenue of $96.43 billion.
• The company recently announced a quarterly dividend of $0.21 per share, reflecting an annualized dividend yield of 0.3%.

Kooman & Associates bought a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,300 shares of the information services provider's stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also modified their holdings of GOOGL. Brighton Jones LLC grew its holdings in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after acquiring an additional 4,110 shares during the period. Revolve Wealth Partners LLC grew its holdings in Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after purchasing an additional 506 shares during the period. Rhumbline Advisers grew its holdings in Alphabet by 0.8% during the first quarter. Rhumbline Advisers now owns 11,267,743 shares of the information services provider's stock valued at $1,742,444,000 after purchasing an additional 86,670 shares during the period. Triangle Securities Wealth Management grew its holdings in Alphabet by 2.3% during the first quarter. Triangle Securities Wealth Management now owns 4,809 shares of the information services provider's stock valued at $744,000 after purchasing an additional 108 shares during the period. Finally, Apella Capital LLC grew its holdings in Alphabet by 50.6% during the first quarter. Apella Capital LLC now owns 12,820 shares of the information services provider's stock valued at $2,035,000 after purchasing an additional 4,305 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $244.90 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $2.96 trillion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.64 and a beta of 1.00. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $256.00. The stock's 50-day simple moving average is $219.14 and its 200-day simple moving average is $184.66.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results 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. The company had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. As a group, analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 8th. Alphabet's payout ratio is currently 8.95%.

Insider Buying and Selling

In related news, insider John Kent Walker sold 17,816 shares of the business's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the sale, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,778 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the sale, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 243,285 shares of company stock valued at $50,994,787 in the last ninety days. Company insiders own 11.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on Alphabet from $230.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, September 4th. Needham & Company LLC boosted their price target on Alphabet from $220.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. JMP Securities boosted their price target on Alphabet from $250.00 to $290.00 and gave the company a "market outperform" rating in a report on Friday, September 19th. Robert W. Baird boosted their price target on Alphabet from $215.00 to $275.00 and gave the company an "outperform" rating in a report on Monday, September 22nd. Finally, Guggenheim boosted their price target on Alphabet from $190.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $237.10.

Alphabet Company Profile

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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