RV Capital AG Takes Position in Alphabet Inc. $GOOGL

Key Points

• RV Capital AG acquired a new stake in Alphabet Inc. by purchasing 32,520 shares valued at approximately $5.73 million, marking it as the company's 9th largest position.
• Alphabet reported a quarterly earnings per share of $2.31, exceeding estimates, with a revenue of $96.43 billion for the quarter, reflecting strong financial performance.
• The company announced a $0.21 quarterly dividend, yielding 0.3% annually, and has a current dividend payout ratio of 8.95%.

RV Capital AG bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 32,520 shares of the information services provider's stock, valued at approximately $5,731,000. Alphabet makes up 1.1% of RV Capital AG's holdings, making the stock its 9th largest position.

A number of other hedge funds have also recently modified their holdings of GOOGL. Enzi Wealth grew its stake in shares of Alphabet by 2.5% during the 1st quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock valued at $408,000 after acquiring an additional 62 shares during the period. Whipplewood Advisors LLC grew its stake in shares of Alphabet by 1.2% during the 1st quarter. Whipplewood Advisors LLC now owns 5,438 shares of the information services provider's stock valued at $817,000 after acquiring an additional 67 shares during the period. Aspire Capital Advisors LLC grew its stake in shares of Alphabet by 1.0% during the 1st quarter. Aspire Capital Advisors LLC now owns 7,020 shares of the information services provider's stock valued at $1,086,000 after acquiring an additional 67 shares during the period. Rainey & Randall Wealth Advisors Inc. grew its stake in shares of Alphabet by 2.1% during the 1st quarter. Rainey & Randall Wealth Advisors Inc. now owns 3,209 shares of the information services provider's stock valued at $496,000 after acquiring an additional 67 shares during the period. Finally, Florida Financial Advisors LLC grew its stake in shares of Alphabet by 0.4% during the 1st quarter. Florida Financial Advisors LLC now owns 16,311 shares of the information services provider's stock valued at $2,523,000 after acquiring an additional 67 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $251.61 on Tuesday. The stock's fifty day moving average is $203.39 and its 200 day moving average is $178.15. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $252.41. The firm has a market capitalization of $3.04 trillion, a PE ratio of 26.80, a PEG ratio of 1.62 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current 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 paid a $0.21 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 600 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total value of $122,274.00. Following the sale, the director owned 6,316 shares in the company, valued at $1,287,137.64. This trade represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the sale, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 254,710 shares of company stock worth $49,208,380. 11.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on Alphabet from $185.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Royal Bank Of Canada boosted their price objective on Alphabet from $220.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Citigroup upped their price target on Alphabet from $225.00 to $280.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Cantor Fitzgerald upped their price target on Alphabet from $196.00 to $201.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $222.85.

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.

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