Country Club Bank Acquires 1,602 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Country Club Bank raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,941 shares of the information services provider’s stock after buying an additional 1,602 shares during the quarter. Country Club Bank’s holdings in Alphabet were worth $4,253,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Lincoln Capital Corp boosted its position in shares of Alphabet by 0.9% during the third quarter. Lincoln Capital Corp now owns 28,858 shares of the information services provider’s stock valued at $4,786,000 after purchasing an additional 253 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in Alphabet by 3.8% in the third quarter. Joel Isaacson & Co. LLC now owns 477,201 shares of the information services provider’s stock worth $79,144,000 after purchasing an additional 17,386 shares in the last quarter. Tarbox Family Office Inc. lifted its position in Alphabet by 10.2% during the third quarter. Tarbox Family Office Inc. now owns 5,403 shares of the information services provider’s stock valued at $896,000 after buying an additional 499 shares during the period. Sigma Investment Counselors Inc. boosted its holdings in shares of Alphabet by 2.0% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 38,670 shares of the information services provider’s stock valued at $6,413,000 after buying an additional 760 shares in the last quarter. Finally, BayBridge Capital Group LLC grew its position in shares of Alphabet by 19.4% in the 3rd quarter. BayBridge Capital Group LLC now owns 12,011 shares of the information services provider’s stock worth $1,992,000 after buying an additional 1,949 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares in the company, valued at $50,765,346. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares in the company, valued at $50,765,346. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the transaction, the chief accounting officer now directly owns 32,017 shares in the company, valued at $5,136,807.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 232,052 shares of company stock worth $38,424,448. 11.55% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $176.51 on Thursday. Alphabet Inc. has a 12-month low of $127.90 and a 12-month high of $191.75. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.17 trillion, a PE ratio of 23.41, a P/E/G ratio of 1.20 and a beta of 1.03. The stock has a 50 day simple moving average of $162.86 and a 200-day simple moving average of $169.36.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period last year, the firm earned $1.55 EPS. On average, equities research analysts forecast that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on GOOGL. Morgan Stanley upped their price target on Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. The Goldman Sachs Group lowered their price target on Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Sanford C. Bernstein increased their price objective on shares of Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Citigroup lifted their target price on shares of Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.90.

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.