Lountzis Asset Management LLC Purchases 3,247 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Lountzis Asset Management LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,985 shares of the information services provider’s stock after purchasing an additional 3,247 shares during the period. Alphabet makes up approximately 3.4% of Lountzis Asset Management LLC’s holdings, making the stock its 10th biggest position. Lountzis Asset Management LLC’s holdings in Alphabet were worth $8,290,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its position in 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 valued at $15,279,000 after buying an additional 41,880 shares in the last quarter. Quent Capital LLC lifted its stake 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 during the period. Point Break Capital Management LLC bought a new position in shares of Alphabet in the first quarter valued at approximately $2,807,000. PYA Waltman Capital LLC increased its stake in shares of Alphabet by 0.6% during the first quarter. PYA Waltman Capital LLC now owns 69,841 shares of the information services provider’s stock valued at $10,541,000 after acquiring an additional 400 shares during the period. Finally, Hilltop Partners LLC raised its holdings in Alphabet by 19.4% during the first quarter. Hilltop Partners LLC now owns 9,658 shares of the information services provider’s stock worth $1,458,000 after purchasing an additional 1,568 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $167.65 on Tuesday. The stock has a 50-day simple moving average of $167.83 and a 200 day simple moving average of $170.34. Alphabet Inc. has a twelve month low of $127.90 and a twelve month high of $191.75. The stock has a market capitalization of $2.05 trillion, a PE ratio of 22.23, a P/E/G ratio of 1.17 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the company posted $1.55 earnings per share. Research analysts anticipate 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. Shareholders of record on Monday, December 9th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 441 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the transaction, the director now owns 16,490 shares in the company, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the sale, the chief executive officer now owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 206,795 shares of company stock worth $34,673,866. 11.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GOOGL has been the topic of several research analyst reports. Roth Mkm lifted their price target on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research report on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Wednesday, October 30th. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 target price on shares of Alphabet in a report on Wednesday, October 30th. 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $205.90.

Alphabet Company 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.