Versor Investments LP Purchases 6,889 Shares of Alphabet Inc. $GOOGL

Key Points

• Versor Investments LP increased its stake in Alphabet Inc. by 525.5%, acquiring an additional 6,889 shares to bring its total holdings to 8,200 shares worth approximately $1.27 million.
• Several institutional investors significantly boosted their stakes in Alphabet during the first quarter, including Nuveen LLC, which invested over $4.3 billion, and GAMMA Investing LLC, which raised its stake by 16,993.2%.
• Alphabet recently announced a quarterly dividend of $0.21, to be paid on September 15, reflecting an annualized yield of 0.4% and a dividend payout ratio of 8.95%.

Versor Investments LP boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 525.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,200 shares of the information services provider's stock after acquiring an additional 6,889 shares during the period. Versor Investments LP's holdings in Alphabet were worth $1,268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Alphabet in the first quarter worth approximately $4,317,606,000. GAMMA Investing LLC raised its stake in shares of Alphabet by 16,993.2% in the first quarter. GAMMA Investing LLC now owns 16,062,457 shares of the information services provider's stock worth $2,483,898,000 after purchasing an additional 15,968,487 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Alphabet by 2.9% in the first quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider's stock worth $78,839,544,000 after purchasing an additional 14,307,345 shares during the last quarter. Northern Trust Corp raised its stake in shares of Alphabet by 17.0% in the fourth quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider's stock worth $13,178,470,000 after purchasing an additional 10,135,430 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Alphabet by 15.9% in the fourth quarter. Wellington Management Group LLP now owns 66,050,135 shares of the information services provider's stock worth $12,503,291,000 after purchasing an additional 9,042,271 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm's 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 completion of the sale, the director directly owned 6,316 shares of the company's stock, 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 filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 23,820 shares of the firm's 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 directly owned 42,999 shares of the company's stock, valued at $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,719 shares of company stock valued at $47,223,172. Corporate insiders own 11.64% of the company's stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $206.09 on Friday. 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 has a fifty day simple moving average of $186.81 and a two-hundred day simple moving average of $173.37. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $208.54. The company has a market capitalization of $2.49 trillion, a P/E ratio of 21.95, a P/E/G ratio of 1.34 and a beta of 1.01.

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, topping analysts' consensus estimates of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The business had revenue of $96,428,000 billion during the quarter, compared to the consensus estimate of $93.60 billion. On average, analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's dividend payout ratio (DPR) is currently 8.95%.

Analyst Ratings Changes

Several analysts have recently commented on GOOGL shares. Loop Capital reissued a "hold" rating and issued a $190.00 price objective (up from $165.00) on shares of Alphabet in a research note on Tuesday, August 5th. Guggenheim increased their price objective on Alphabet from $190.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Westpark Capital increased their price objective on Alphabet from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. DA Davidson increased their price target on Alphabet from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.53.

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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