Trilogy Capital Inc. Has $3.78 Million Position in Alphabet Inc. $GOOGL

Key Points

• Trilogy Capital Inc. increased its investment in Alphabet Inc. by 13.2% in Q2, now holding 21,448 shares valued at approximately $3.78 million.
• Alphabet recently announced a $0.21 per share dividend, reflecting a 0.3% yield and a payout ratio of 8.95%.
• Analysts have raised their price targets for Alphabet, with Truist Financial raising theirs from $225 to $285 and maintaining a "buy" rating.

Trilogy Capital Inc. grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,448 shares of the information services provider's stock after buying an additional 2,496 shares during the quarter. Trilogy Capital Inc.'s holdings in Alphabet were worth $3,780,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. QTR Family Wealth LLC raised its position in shares of Alphabet by 14.8% in the 2nd quarter. QTR Family Wealth LLC now owns 11,743 shares of the information services provider's stock valued at $2,069,000 after buying an additional 1,517 shares in the last quarter. Ninety One North America Inc. raised its position in shares of Alphabet by 47.2% in the 2nd quarter. Ninety One North America Inc. now owns 373,856 shares of the information services provider's stock valued at $65,885,000 after buying an additional 119,806 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of Alphabet by 5.5% during the 2nd quarter. Ninety One UK Ltd now owns 9,042,177 shares of the information services provider's stock valued at $1,593,503,000 after purchasing an additional 473,357 shares during the last quarter. Lynx Investment Advisory grew its holdings in shares of Alphabet by 0.8% during the 2nd quarter. Lynx Investment Advisory now owns 14,415 shares of the information services provider's stock valued at $2,540,000 after purchasing an additional 111 shares during the last quarter. Finally, Magnolia Private Wealth LLC grew its holdings in shares of Alphabet by 5.2% during the 2nd quarter. Magnolia Private Wealth LLC now owns 3,792 shares of the information services provider's stock valued at $668,000 after purchasing an additional 186 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 1.9%

Alphabet stock opened at $245.76 on Wednesday. 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 12-month low of $140.53 and a 12-month high of $256.00. The firm's fifty day moving average is $223.41 and its 200 day moving average is $187.13. The company has a market capitalization of $2.97 trillion, a PE ratio of 26.17, a PEG ratio of 1.69 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its 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 $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is presently 8.95%.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 23,820 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the transaction, the director owned 243,400 shares in the company, valued at approximately $45,213,984. The trade was a 7.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 276,738 shares of company stock worth $59,135,475. Insiders own 11.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GOOGL. Truist Financial lifted their price target on shares of Alphabet from $225.00 to $285.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Morgan Stanley set a $270.00 price target on shares of Alphabet and gave the company an "overweight" rating in a report on Thursday, October 2nd. Wells Fargo & Company set a $236.00 price target on shares of Alphabet and gave the company an "equal weight" rating in a report on Tuesday. Royal Bank Of Canada lifted their price target on shares of Alphabet from $220.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, September 3rd. Finally, Wolfe Research lifted their price target on shares of Alphabet from $220.00 to $290.00 in a report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $242.98.

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.

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