Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 3.1% in the third quarter, HoldingsChannel reports. The firm owned 11,724 shares of the information services provider’s stock after buying an additional 358 shares during the period. Alphabet makes up about 0.5% of Rosenberg Matthew Hamilton’s portfolio, making the stock its 26th biggest holding. Rosenberg Matthew Hamilton’s holdings in Alphabet were worth $1,960,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Plimoth Trust Co. LLC increased its stake in Alphabet by 1.0% during the first quarter. Plimoth Trust Co. LLC now owns 14,170 shares of the information services provider’s stock worth $2,158,000 after purchasing an additional 135 shares during the period. Azzad Asset Management Inc. ADV purchased a new position in shares of Alphabet during the first quarter worth approximately $248,000. Monument Capital Management grew its position in Alphabet by 5.6% during the 1st quarter. Monument Capital Management now owns 3,517 shares of the information services provider’s stock worth $535,000 after purchasing an additional 188 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Alphabet by 12.1% during the first quarter. Sivia Capital Partners LLC now owns 20,700 shares of the information services provider’s stock worth $3,152,000 after buying an additional 2,231 shares during the last quarter. Finally, Tradewinds Capital Management LLC increased its holdings in shares of Alphabet by 11.8% in the first quarter. Tradewinds Capital Management LLC now owns 4,395 shares of the information services provider’s stock valued at $669,000 after purchasing an additional 464 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the sale, the chief accounting officer now directly owns 29,182 shares in the company, valued at approximately $4,421,948.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Amie Thuener O’toole sold 2,835 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the transaction, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total value of $3,772,350.00. Following the completion of the sale, the chief executive officer now directly owns 2,159,885 shares in the company, valued at $362,126,319.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,744 shares of company stock worth $35,878,764 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Down 2.0 %

GOOG stock opened at $172.69 on Friday. The firm has a 50 day simple moving average of $163.71 and a 200-day simple moving average of $170.32. The company has a market capitalization of $2.13 trillion, a P/E ratio of 22.90, a PEG ratio of 1.31 and a beta of 1.04. Alphabet Inc. has a twelve month low of $123.93 and a twelve month high of $193.31. The company has a current ratio of 1.95, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period in the prior year, the company posted $1.55 EPS. The business’s revenue was up 15.1% compared to the same quarter last year. On average, equities research analysts predict that Alphabet Inc. will post 7.83 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet’s dividend payout ratio is currently 10.61%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday. Cantor Fitzgerald raised Alphabet to a “hold” rating in a report on Thursday, September 5th. Barclays raised their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday. Canaccord Genuity Group lifted their price objective on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

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.