Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Arjuna Capital

Arjuna Capital lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,574 shares of the information services provider’s stock after buying an additional 706 shares during the quarter. Alphabet comprises 4.4% of Arjuna Capital’s portfolio, making the stock its 4th biggest holding. Arjuna Capital’s holdings in Alphabet were worth $17,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Saturna Capital Corp lifted its holdings in Alphabet by 0.3% during the 3rd quarter. Saturna Capital Corp now owns 1,430,995 shares of the information services provider’s stock worth $237,331,000 after buying an additional 4,003 shares in the last quarter. Simmons Bank boosted its position in Alphabet by 2.7% in the 3rd quarter. Simmons Bank now owns 98,562 shares of the information services provider’s stock valued at $16,347,000 after buying an additional 2,605 shares during the last quarter. Community Bank & Trust Waco Texas boosted its position in Alphabet by 0.8% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 49,452 shares of the information services provider’s stock valued at $8,202,000 after buying an additional 393 shares during the last quarter. Haverford Trust Co boosted its position in Alphabet by 36.3% in the 3rd quarter. Haverford Trust Co now owns 912,327 shares of the information services provider’s stock valued at $151,309,000 after buying an additional 242,906 shares during the last quarter. Finally, Empower Advisory Group LLC boosted its position in Alphabet by 9.1% in the 3rd quarter. Empower Advisory Group LLC now owns 97,437 shares of the information services provider’s stock valued at $16,160,000 after buying an additional 8,165 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GOOGL. Truist Financial increased their price objective on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Roth Mkm increased their price objective on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Scotiabank upgraded Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. The Goldman Sachs Group decreased their price objective on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Tigress Financial increased their price objective on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 26th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $205.90.

Alphabet Stock Performance

GOOGL opened at $169.23 on Thursday. The business’s 50-day moving average price is $168.22 and its two-hundred day moving average price is $170.34. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 1.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last released 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. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter last year, the business posted $1.55 EPS. Equities analysts expect that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total value of $3,975,075.00. Following the sale, the chief executive officer now owns 2,061,806 shares of the company’s stock, valued at approximately $364,259,266.02. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the sale, the director now directly owns 330,466 shares in the company, valued at approximately $59,741,643.48. This represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,795 shares of company stock valued at $34,673,866. 11.55% of the stock is owned by insiders.

Alphabet Company 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.