Harvest Portfolios Group Inc. Purchases 337 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Harvest Portfolios Group Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 239,474 shares of the information services provider’s stock after purchasing an additional 337 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Alphabet were worth $39,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Radnor Capital Management LLC grew its position in Alphabet by 9.4% during the third quarter. Radnor Capital Management LLC now owns 27,683 shares of the information services provider’s stock valued at $4,591,000 after buying an additional 2,385 shares during the period. AHL Investment Management Inc. acquired a new stake in shares of Alphabet in the third quarter valued at approximately $821,000. Leslie Global Wealth LLC raised its stake in Alphabet by 6.3% during the third quarter. Leslie Global Wealth LLC now owns 2,193 shares of the information services provider’s stock worth $364,000 after purchasing an additional 129 shares during the period. Financial Security Advisor Inc. lifted its holdings in Alphabet by 7.9% in the third quarter. Financial Security Advisor Inc. now owns 36,261 shares of the information services provider’s stock valued at $6,014,000 after acquiring an additional 2,650 shares during the last quarter. Finally, Catalina Capital Group LLC increased its position in shares of Alphabet by 5.5% during the 3rd quarter. Catalina Capital Group LLC now owns 21,171 shares of the information services provider’s stock worth $3,511,000 after purchasing an additional 1,096 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $178.12 on Wednesday. Alphabet Inc. has a twelve month low of $127.90 and a twelve month high of $191.75. The firm’s fifty day simple moving average is $166.74 and its 200 day simple moving average is $170.36. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.23 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The company 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 period in the previous year, the business earned $1.55 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Alphabet’s payout ratio is currently 10.61%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Tigress Financial boosted their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 26th. Loop Capital raised their price target on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Evercore ISI upped their target price on shares of Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Pivotal Research upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Mizuho raised their target price on Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.90.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the transaction, the chief executive officer now owns 2,084,306 shares of the company’s stock, valued at approximately $369,672,512.16. This represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $177.41, for a total value of $1,862,805.00. Following the sale, the director now owns 319,966 shares in the company, valued at approximately $56,765,168.06. The trade was a 3.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,295 shares of company stock worth $30,698,791. 11.55% of the stock is owned by insiders.

About Alphabet

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.