James Hambro & Partners LLP Purchases 1,134 Shares of Alphabet Inc. (NASDAQ:GOOGL)

James Hambro & Partners LLP increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,486 shares of the information services provider’s stock after acquiring an additional 1,134 shares during the quarter. Alphabet comprises about 0.3% of James Hambro & Partners LLP’s investment portfolio, making the stock its 24th biggest position. James Hambro & Partners LLP’s holdings in Alphabet were worth $7,381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. River Street Advisors LLC grew its stake in shares of Alphabet by 9.0% in the first quarter. River Street Advisors LLC now owns 14,652 shares of the information services provider’s stock worth $2,211,000 after acquiring an additional 1,208 shares during the last quarter. Richardson Capital Management LLC boosted its holdings in Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 140 shares during the period. Cornerstone Wealth Group LLC grew its position in Alphabet by 60.5% in the 1st quarter. Cornerstone Wealth Group LLC now owns 62,799 shares of the information services provider’s stock worth $9,478,000 after purchasing an additional 23,684 shares during the last quarter. Avalon Capital Management raised its position in shares of Alphabet by 10.0% during the first quarter. Avalon Capital Management now owns 193,631 shares of the information services provider’s stock valued at $29,225,000 after buying an additional 17,540 shares during the last quarter. Finally, Gradient Capital Advisors LLC raised its position in shares of Alphabet by 1.4% during the first quarter. Gradient Capital Advisors LLC now owns 21,245 shares of the information services provider’s stock valued at $3,207,000 after buying an additional 290 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Down 1.9 %

Shares of NASDAQ GOOGL opened at $171.11 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.11 trillion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The firm’s 50-day moving average is $162.32 and its 200-day moving average is $168.79. Alphabet Inc. has a 1 year low of $122.68 and a 1 year high of $191.75.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter in the previous year, the business earned $1.55 EPS. Equities analysts expect that Alphabet Inc. will post 7.65 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GOOGL. Guggenheim boosted their price target on Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JMP Securities upped their target price on Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a research note on Wednesday. Wedbush reiterated an “outperform” rating and set a $205.00 price target on shares of Alphabet in a research note on Thursday, October 24th. Wells Fargo & Company increased their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, DA Davidson began coverage on shares of Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.51.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares in the company, valued at $50,765,346. 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 in the last quarter. Corporate insiders own 11.55% of the company’s stock.

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.