Hazlett Burt & Watson Inc. Buys 224 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Hazlett Burt & Watson Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,217 shares of the information services provider’s stock after purchasing an additional 224 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Alphabet were worth $1,528,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its position in shares of Alphabet by 70.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider’s stock worth $15,279,000 after acquiring an additional 41,880 shares in the last quarter. Quent Capital LLC raised its position in shares of Alphabet by 3.6% in the 1st quarter. Quent Capital LLC now owns 31,171 shares of the information services provider’s stock worth $4,705,000 after acquiring an additional 1,072 shares in the last quarter. Empowered Funds LLC raised its position in shares of Alphabet by 12.3% in the 1st quarter. Empowered Funds LLC now owns 187,840 shares of the information services provider’s stock worth $28,351,000 after acquiring an additional 20,572 shares in the last quarter. Atomi Financial Group Inc. raised its position in shares of Alphabet by 27.4% in the 1st quarter. Atomi Financial Group Inc. now owns 34,871 shares of the information services provider’s stock worth $5,263,000 after acquiring an additional 7,507 shares in the last quarter. Finally, Nixon Peabody Trust Co. raised its position in shares of Alphabet by 4.9% in the 1st quarter. Nixon Peabody Trust Co. now owns 113,126 shares of the information services provider’s stock worth $17,074,000 after acquiring an additional 5,268 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Scotiabank raised Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Tigress Financial boosted their target price on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 26th. The Goldman Sachs Group decreased their target price on Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $181.00 target price on shares of Alphabet in a research report on Wednesday, July 24th. Finally, DA Davidson began coverage on Alphabet in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $205.90.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the sale, the chief executive officer now owns 2,159,885 shares of the company’s stock, valued at $362,126,319.10. The trade was a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the sale, the director now directly owns 319,966 shares in the company, valued at $56,765,168.06. The trade was a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 206,795 shares of company stock valued at $34,471,141 in the last 90 days. 11.55% of the stock is currently owned by company insiders.

Alphabet Price Performance

Alphabet stock opened at $172.49 on Monday. 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 business’s 50 day simple moving average is $165.61 and its 200 day simple moving average is $170.22. The company has a market cap of $2.11 trillion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.23 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 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 business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. Sell-side 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 issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet’s payout ratio is 10.61%.

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.