Yarbrough Capital LLC Has $189.27 Million Position in Alphabet Inc. $GOOGL

Key Points

• Yarbrough Capital LLC increased its stake in Alphabet Inc. by 1.5%, now holding 1,073,994 shares valued at $189.27 million, making it the firm's 5th largest position.
• In its most recent quarterly earnings report, Alphabet exceeded expectations with a net revenue of $96.43 billion and an EPS of $2.31, surpassing the estimated $2.15.
• The company recently declared a quarterly dividend of $0.21, with an annualized dividend yield of 0.3% and a payout ratio of 8.95%.

Yarbrough Capital LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,073,994 shares of the information services provider's stock after purchasing an additional 16,314 shares during the quarter. Alphabet makes up 6.8% of Yarbrough Capital LLC's portfolio, making the stock its 5th biggest position. Yarbrough Capital LLC's holdings in Alphabet were worth $189,270,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC grew its position in shares of Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after buying an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after buying an additional 506 shares during the last quarter. Agate Pass Investment Management LLC grew its position in shares of Alphabet by 8.0% in the 1st quarter. Agate Pass Investment Management LLC now owns 51,798 shares of the information services provider's stock worth $8,010,000 after buying an additional 3,830 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Alphabet by 2.8% in the 1st quarter. Moody National Bank Trust Division now owns 68,610 shares of the information services provider's stock worth $10,610,000 after buying an additional 1,890 shares during the last quarter. Finally, Sage Capital Advisors llc grew its position in shares of Alphabet by 0.3% in the 1st quarter. Sage Capital Advisors llc now owns 64,761 shares of the information services provider's stock worth $10,015,000 after buying an additional 197 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $246.54 on Friday. The company has a current ratio of 1.90, a quick 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 company has a 50 day simple moving average of $215.93 and a two-hundred day simple moving average of $183.03. The stock has a market cap of $2.98 trillion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.66 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.60 billion. As a group, analysts predict 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 was paid on Monday, September 15th. Investors of record on Monday, September 8th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 8th. Alphabet's payout ratio is currently 8.95%.

Insider Activity

In related news, CAO Amie Thuener O'toole sold 2,778 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at $4,236,785. The trade was a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 23,820 shares of the business'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 completion of the transaction, the insider owned 42,999 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders have sold 258,088 shares of company stock valued at $52,405,304. 11.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Alphabet from $225.00 to $285.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Royal Bank Of Canada boosted their target price on shares of Alphabet from $220.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. Westpark Capital boosted their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Citizens Jmp boosted their target price on shares of Alphabet from $250.00 to $290.00 and gave the stock an "outperform" rating in a research report on Friday, September 19th. Finally, Sanford C. Bernstein boosted their target price on shares of Alphabet from $185.00 to $195.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $233.44.

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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