Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Matrix Private Capital Group LLC

Matrix Private Capital Group LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,046 shares of the information services provider’s stock after acquiring an additional 226 shares during the quarter. Matrix Private Capital Group LLC’s holdings in Alphabet were worth $1,101,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GOOGL. XML Financial LLC raised its holdings in Alphabet by 6.1% in the 4th quarter. XML Financial LLC now owns 20,753 shares of the information services provider’s stock valued at $2,899,000 after acquiring an additional 1,193 shares during the last quarter. TCI Fund Management Ltd. purchased a new stake in shares of Alphabet in the fourth quarter valued at $21,987,000. Regal Investment Advisors LLC increased its stake in Alphabet by 1.8% in the fourth quarter. Regal Investment Advisors LLC now owns 45,068 shares of the information services provider’s stock valued at $6,296,000 after purchasing an additional 803 shares during the last quarter. Sollinda Capital Management LLC acquired a new position in Alphabet in the fourth quarter valued at $363,000. Finally, KPP Advisory Services LLC lifted its position in Alphabet by 8.5% during the fourth quarter. KPP Advisory Services LLC now owns 11,054 shares of the information services provider’s stock worth $1,544,000 after buying an additional 865 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Evercore ISI lowered their price target on Alphabet from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Bank of America boosted their target price on shares of Alphabet from $200.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Wells Fargo & Company cut their price target on shares of Alphabet from $190.00 to $182.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Tigress Financial boosted their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a report on Monday. Eight research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $201.14.

Alphabet Stock Performance

Shares of GOOGL stock opened at $164.38 on Wednesday. The stock has a market capitalization of $2.03 trillion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75. The company’s 50-day simple moving average is $161.93 and its 200-day simple moving average is $167.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The company had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same quarter last year, the business posted $1.44 EPS. Equities analysts anticipate that Alphabet Inc. will post 7.63 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, September 9th. Alphabet’s dividend payout ratio is presently 12.27%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the transaction, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at $4,927,257.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $182.84, for a total value of $4,113,900.00. Following the sale, the chief executive officer now owns 2,204,885 shares of the company’s stock, valued at $403,141,173.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the transaction, the chief accounting officer now directly owns 29,183 shares of the company’s stock, valued at $4,927,257.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 217,592 shares of company stock worth $35,922,911 over the last 90 days. Insiders own 11.55% of the company’s stock.

Alphabet 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.