Maven Securities LTD Purchases 20,939 Shares of Alphabet Inc. $GOOG

Key Points

• Maven Securities LTD increased its stake in Alphabet Inc. by 167.6% during the first quarter, owning a total of 33,436 shares valued at $5.22 million.
• Alphabet reported an earnings per share (EPS) of $2.31, exceeding analysts' predictions of $2.12, with revenue of $96.43 billion for the quarter, up 13.8% year-over-year.
• The company declared a quarterly dividend of $0.21 per share, with the annualized yield being 0.4%, to be paid on September 15th.

Maven Securities LTD raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 167.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,436 shares of the information services provider's stock after purchasing an additional 20,939 shares during the period. Maven Securities LTD's holdings in Alphabet were worth $5,224,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Principia Wealth Advisory LLC raised its position in Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after purchasing an additional 85 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in Alphabet during the 1st quarter worth $26,000. Goodman Advisory Group LLC bought a new position in Alphabet during the 1st quarter worth $32,000. Greykasell Wealth Strategies Inc. bought a new position in Alphabet during the 1st quarter worth $32,000. Finally, Graybill Wealth Management LTD. bought a new position in Alphabet during the 1st quarter worth $44,000. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,000 shares of Alphabet stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $200.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director owned 6,916 shares in the company, valued at approximately $1,383,200. The trade was a 12.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction dated 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 transaction, the insider owned 42,999 shares of the company's stock, valued at $8,371,905.30. This trade represents a 35.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,719 shares of company stock worth $47,223,172 over the last 90 days. Company insiders own 12.99% of the company's stock.

Alphabet Stock Up 3.0%

GOOG stock traded up $5.9660 during mid-day trading on Friday, reaching $206.5860. 22,071,100 shares of the company traded hands, compared to its average volume of 23,709,248. The stock has a market cap of $2.50 trillion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 1.35 and a beta of 1.02. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $209.23. The firm's 50 day moving average price is $187.09 and its 200 day moving average price is $174.87.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. The business had revenue of $96.43 billion during 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 company's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.89 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. Alphabet's payout ratio is 8.95%.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of recent analyst reports. The Goldman Sachs Group reiterated a "buy" rating and set a $220.00 price target on shares of Alphabet in a report on Monday, June 2nd. Piper Sandler reiterated a "neutral" rating on shares of Alphabet in a report on Wednesday, July 9th. Raymond James Financial reiterated an "outperform" rating and set a $210.00 price target (up from $185.00) on shares of Alphabet in a report on Thursday, July 24th. UBS Group increased their price target on Alphabet from $186.00 to $192.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Finally, Oppenheimer restated an "outperform" rating and issued a $235.00 target price (up from $220.00) on shares of Alphabet in a research note on Thursday, July 24th. Five research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $215.19.

Alphabet 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.