Blackhawk Capital Partners LLC. Purchases 2,612 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Blackhawk Capital Partners LLC. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,242 shares of the information services provider’s stock after purchasing an additional 2,612 shares during the period. Alphabet accounts for about 2.7% of Blackhawk Capital Partners LLC.’s investment portfolio, making the stock its 5th largest position. Blackhawk Capital Partners LLC.’s holdings in Alphabet were worth $5,016,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Christopher J. Hasenberg Inc boosted its position in shares of Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after acquiring an additional 60 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of Alphabet in the third quarter worth approximately $32,000. Kings Path Partners LLC acquired a new stake in shares of Alphabet in the second quarter worth approximately $36,000. Denver PWM LLC acquired a new stake in shares of Alphabet in the second quarter worth approximately $41,000. Finally, Quarry LP acquired a new stake in shares of Alphabet in the second quarter worth approximately $53,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Down 1.0 %

GOOGL stock opened at $172.64 on Friday. 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 Inc. has a 1-year low of $129.68 and a 1-year high of $191.75. The firm has a fifty day moving average price of $169.30 and a two-hundred day moving average price of $170.31. The firm has a market cap of $2.11 trillion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.21 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last released its 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. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Research analysts predict that Alphabet Inc. will post 8.01 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 given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet’s dividend payout ratio is currently 10.61%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $153.75, for a total transaction of $123,000.00. Following the completion of the transaction, the director now owns 28,524 shares of the company’s stock, valued at $4,385,565. This represents a 2.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,624 shares of company stock worth $27,803,730. Insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research reports. Wells Fargo & Company raised their price target on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. JMP Securities raised their price target 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. Roth Mkm raised their price target on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group cut their price target on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $205.90.

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.