Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Huntington National Bank

Huntington National Bank raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,558,043 shares of the information services provider’s stock after acquiring an additional 23,743 shares during the quarter. Alphabet makes up approximately 1.9% of Huntington National Bank’s portfolio, making the stock its 7th biggest position. Huntington National Bank’s holdings in Alphabet were worth $258,402,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its position in shares of Alphabet by 70.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider’s stock worth $15,279,000 after buying an additional 41,880 shares in the last quarter. Quent Capital LLC grew its position in shares of Alphabet by 3.6% during the first quarter. Quent Capital LLC now owns 31,171 shares of the information services provider’s stock worth $4,705,000 after buying an additional 1,072 shares in the last quarter. Napean Trading & Investment Co Singapore PTE Ltd grew its position in shares of Alphabet by 19.7% during the first quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 135,878 shares of the information services provider’s stock worth $20,508,000 after buying an additional 22,339 shares in the last quarter. Capital Group Investment Management PTE. LTD. grew its position in shares of Alphabet by 8.6% during the first quarter. Capital Group Investment Management PTE. LTD. now owns 45,997 shares of the information services provider’s stock worth $6,942,000 after buying an additional 3,639 shares in the last quarter. Finally, Capital International Inc. CA grew its position in shares of Alphabet by 3.4% during the first quarter. Capital International Inc. CA now owns 402,953 shares of the information services provider’s stock worth $60,818,000 after buying an additional 13,425 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Alphabet stock opened at $169.23 on Thursday. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The business has a 50 day simple moving average of $168.22 and a 200-day simple moving average of $170.34. The stock has a market capitalization of $2.07 trillion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.19 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. Equities analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Scotiabank raised Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Cantor Fitzgerald reissued a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Roth Mkm boosted their price objective on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. Finally, JMP Securities boosted their target price on Alphabet from $200.00 to $220.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.90.

Insider Buying and Selling

In related news, insider John Kent Walker sold 21,467 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the transaction, the insider now owns 39,334 shares of the company’s stock, valued at $6,307,206.90. This represents a 35.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value 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 represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 206,795 shares of company stock valued at $34,673,866 over the last quarter. Company 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.