Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Sather Financial Group Inc

Sather Financial Group Inc boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 6.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,014 shares of the information services provider’s stock after purchasing an additional 1,488 shares during the quarter. Alphabet comprises approximately 0.3% of Sather Financial Group Inc’s portfolio, making the stock its 29th biggest position. Sather Financial Group Inc’s holdings in Alphabet were worth $4,149,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GOOGL. China Universal Asset Management Co. Ltd. lifted its position in Alphabet by 70.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider’s stock valued at $15,279,000 after acquiring an additional 41,880 shares during the last quarter. Quent Capital LLC grew its holdings in shares of Alphabet by 3.6% during the first quarter. Quent Capital LLC now owns 31,171 shares of the information services provider’s stock worth $4,705,000 after purchasing an additional 1,072 shares during the last quarter. Icon Wealth Advisors LLC increased its position in shares of Alphabet by 48.3% during the first quarter. Icon Wealth Advisors LLC now owns 36,531 shares of the information services provider’s stock worth $5,514,000 after purchasing an additional 11,898 shares in the last quarter. Windacre Partnership LLC lifted its holdings in shares of Alphabet by 23.6% in the 1st quarter. Windacre Partnership LLC now owns 11,147,000 shares of the information services provider’s stock valued at $1,682,417,000 after purchasing an additional 2,125,500 shares during the last quarter. Finally, Oxford Wealth Group LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at about $2,529,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 441 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now directly owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This represents a 2.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $158.68, for a total transaction of $3,570,300.00. Following the transaction, the chief executive officer now directly owns 2,137,385 shares of the company’s stock, valued at $339,160,251.80. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,795 shares of company stock worth $34,673,866. 11.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several research analyst reports. Bank of America increased their price objective on Alphabet from $206.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price target on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Loop Capital lifted their price objective on shares of Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $217.00 target price (up from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Finally, Sanford C. Bernstein raised their price target on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.90.

Alphabet Price Performance

Shares of GOOGL opened at $168.95 on Friday. The business’s 50-day moving average is $168.47 and its 200-day moving average is $170.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 1.20 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $127.90 and a fifty-two week high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share 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 analyst estimates 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 prior year, the firm posted $1.55 EPS. Equities research analysts expect that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Dividend Announcement

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 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 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.