Bank Hapoalim BM Boosts Position in Alphabet Inc. (NASDAQ:GOOGL)

Bank Hapoalim BM increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,245 shares of the information services provider’s stock after acquiring an additional 155 shares during the quarter. Bank Hapoalim BM’s holdings in Alphabet were worth $1,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Williams & Novak LLC raised its position in shares of Alphabet by 45.7% in the 3rd quarter. Williams & Novak LLC now owns 4,389 shares of the information services provider’s stock worth $728,000 after acquiring an additional 1,376 shares in the last quarter. Axiom Advisory LLC raised its holdings in Alphabet by 116.6% in the third quarter. Axiom Advisory LLC now owns 26,599 shares of the information services provider’s stock worth $4,454,000 after purchasing an additional 14,318 shares in the last quarter. Blue Zone Wealth Advisors LLC lifted its position in Alphabet by 2.7% during the third quarter. Blue Zone Wealth Advisors LLC now owns 61,650 shares of the information services provider’s stock valued at $10,225,000 after buying an additional 1,616 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of Alphabet by 1.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 143,529 shares of the information services provider’s stock valued at $23,804,000 after buying an additional 2,389 shares in the last quarter. Finally, Marion Wealth Management grew its position in shares of Alphabet by 5.6% in the 3rd quarter. Marion Wealth Management now owns 21,327 shares of the information services provider’s stock worth $3,537,000 after buying an additional 1,124 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $186.14 on Friday. The business has a 50-day simple moving average of $192.37 and a two-hundred day simple moving average of $174.95. The company has a quick ratio of 1.95, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $207.05. The stock has a market cap of $2.28 trillion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.39 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, analysts expect that Alphabet Inc. will post 8.91 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. Alphabet’s payout ratio is 9.94%.

Analysts Set New Price Targets

Several research firms recently commented on GOOGL. Morgan Stanley dropped their price objective on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Piper Sandler dropped their target price on Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Loop Capital raised their price target on Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Alphabet in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the transaction, the director now owns 282,832 shares of the company’s stock, valued at $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,529 shares of company stock worth $16,600,078. 11.55% of the stock is owned by corporate 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.