Lawson Kroeker Investment Management Inc. NE raised its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,456 shares of the information services provider's stock after buying an additional 1,226 shares during the period. Alphabet comprises approximately 3.2% of Lawson Kroeker Investment Management Inc. NE's investment portfolio, making the stock its 8th biggest holding. Lawson Kroeker Investment Management Inc. NE's holdings in Alphabet were worth $17,465,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Brighton Jones LLC raised its stake in Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after buying an additional 6,410 shares during the period. Revisor Wealth Management LLC raised its stake in Alphabet by 107.9% in the first quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider's stock valued at $572,000 after buying an additional 1,899 shares during the period. GAMMA Investing LLC grew its position in shares of Alphabet by 19.5% in the first quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider's stock valued at $14,323,000 after purchasing an additional 14,931 shares during the last quarter. Bfsg LLC grew its position in shares of Alphabet by 1.1% in the first quarter. Bfsg LLC now owns 52,342 shares of the information services provider's stock valued at $8,177,000 after purchasing an additional 550 shares during the last quarter. Finally, Demars Financial Group LLC grew its position in shares of Alphabet by 73.5% in the first quarter. Demars Financial Group LLC now owns 811,927 shares of the information services provider's stock valued at $126,847,000 after purchasing an additional 344,016 shares during the last quarter. Institutional investors own 27.26% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on GOOG. Lake Street Capital reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Hsbc Global Res raised Alphabet to a "strong-buy" rating in a research report on Tuesday, October 7th. Scotiabank upped their target price on Alphabet from $200.00 to $240.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 22nd. BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Finally, TD Cowen upped their target price on Alphabet from $270.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. Six 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $241.00.
View Our Latest Analysis on Alphabet
Insider Transactions at Alphabet
In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm's stock in a transaction on Monday, October 13th. The stock was sold at an average price of $242.92, for a total value of $145,752.00. Following the sale, the director owned 5,116 shares of the company's stock, valued at approximately $1,242,778.72. This trade represents a 10.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $243.41, for a total value of $7,910,825.00. Following the completion of the sale, the chief executive officer directly owned 2,402,119 shares in the company, valued at approximately $584,699,785.79. This represents a 1.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 244,438 shares of company stock worth $53,216,085. 12.99% of the stock is owned by insiders.
Alphabet Trading Up 2.2%
Shares of NASDAQ:GOOG opened at $251.71 on Thursday. The company has a market capitalization of $3.04 trillion, a P/E ratio of 26.81, a P/E/G ratio of 1.66 and a beta of 1.00. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $256.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The business's 50 day simple moving average is $230.06 and its 200 day simple moving average is $191.42.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. The business had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were issued 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 of this dividend was Monday, September 8th. Alphabet's dividend payout ratio (DPR) is currently 8.95%.
Alphabet Company Profile
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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
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