David J Yvars Group Acquires 600 Shares of Alphabet Inc. (NASDAQ:GOOGL)

David J Yvars Group lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 16.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,290 shares of the information services provider’s stock after buying an additional 600 shares during the period. David J Yvars Group’s holdings in Alphabet were worth $712,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bridgewater Advisors Inc. grew its position in shares of Alphabet by 1.3% in the 3rd quarter. Bridgewater Advisors Inc. now owns 72,521 shares of the information services provider’s stock valued at $12,305,000 after acquiring an additional 909 shares during the period. Malaga Cove Capital LLC boosted its holdings in shares of Alphabet by 20.3% during the 3rd quarter. Malaga Cove Capital LLC now owns 19,816 shares of the information services provider’s stock worth $3,286,000 after buying an additional 3,338 shares during the period. Ironsides Asset Advisors LLC acquired a new position in shares of Alphabet in the third quarter valued at approximately $371,000. Advisors Management Group Inc. ADV lifted its holdings in Alphabet by 30.0% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 32,204 shares of the information services provider’s stock worth $5,341,000 after purchasing an additional 7,428 shares during the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of Alphabet during the third quarter worth $1,743,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of several recent research reports. KeyCorp raised their target price on shares of Alphabet from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. JMP Securities raised their target price on shares of Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Morgan Stanley upped their price target on shares of Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Guggenheim lifted their price objective on shares of Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada upped their target price on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $205.90.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total value of $109,420.08. Following the sale, the chief accounting officer now owns 32,017 shares in the company, valued at $5,136,807.48. This represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 21,467 shares of Alphabet stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total value of $3,442,233.45. Following the transaction, the insider now owns 39,334 shares of the company’s stock, valued at $6,307,206.90. This trade represents a 35.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,295 shares of company stock worth $30,698,791. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $175.98 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $127.90 and a twelve month high of $191.75. The company has a fifty day moving average of $167.23 and a 200-day moving average of $170.40. The firm has a market capitalization of $2.15 trillion, a P/E ratio of 23.34, a P/E/G ratio of 1.23 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the previous year, the firm posted $1.55 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

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.