Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Krane Funds Advisors LLC

Krane Funds Advisors LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 135.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,099 shares of the information services provider's stock after acquiring an additional 2,937 shares during the period. Krane Funds Advisors LLC's holdings in Alphabet were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in GOOGL. Anderson Financial Strategies LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $49,000. EQ Wealth Advisors LLC acquired a new stake in Alphabet in the 1st quarter worth about $49,000. Navigoe LLC purchased a new position in Alphabet in the 4th quarter worth approximately $51,000. Prudent Man Investment Management Inc. purchased a new position in Alphabet in the 4th quarter worth approximately $53,000. Finally, Campbell Capital Management Inc. purchased a new stake in shares of Alphabet during the 4th quarter valued at approximately $57,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the sale, the director directly owned 261,966 shares of the company's stock, valued at $45,844,050. This represents a 3.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 600 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $105,000.00. Following the completion of the transaction, the director owned 6,813 shares in the company, valued at approximately $1,192,275. This represents a 8.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 215,643 shares of company stock valued at $36,330,928. 11.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GOOGL has been the subject of several research reports. Needham & Company LLC restated a "buy" rating and issued a $178.00 price target on shares of Alphabet in a research note on Friday, April 25th. Truist Financial reaffirmed a "buy" rating and issued a $200.00 target price on shares of Alphabet in a report on Wednesday, July 2nd. Wedbush set a $190.00 target price on shares of Alphabet and gave the company an "outperform" rating in a report on Tuesday, April 15th. JMP Securities upgraded shares of Alphabet from a "market perform" rating to a "market outperform" rating and set a $220.00 price objective for the company in a research report on Friday, June 27th. Finally, BNP Paribas Exane restated a "neutral" rating and issued a $172.00 price objective on shares of Alphabet in a research report on Friday, June 27th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.13.

Alphabet Price Performance

NASDAQ:GOOGL traded up $2.26 during mid-day trading on Wednesday, hitting $176.62. 42,988,099 shares of the stock traded hands, compared to its average volume of 31,724,461. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company has a market cap of $2.14 trillion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.25 and a beta of 1.00. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The business's 50-day moving average price is $169.31 and its 200 day moving average price is $173.67.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the previous year, the business posted $1.89 EPS. On average, analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a dividend of $0.21 per share. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Monday, June 9th. Alphabet's payout ratio is presently 9.36%.

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.