Alphabet Inc. $GOOGL Stock Position Increased by Evelyn Partners Investment Management Services Ltd

Evelyn Partners Investment Management Services Ltd raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 1,377.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,267 shares of the information services provider’s stock after buying an additional 200,696 shares during the period. Alphabet comprises 4.1% of Evelyn Partners Investment Management Services Ltd’s investment portfolio, making the stock its 5th biggest position. Evelyn Partners Investment Management Services Ltd’s holdings in Alphabet were worth $40,556,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GOOGL. Gimbal Financial raised its holdings in Alphabet by 1.9% in the 2nd quarter. Gimbal Financial now owns 2,776 shares of the information services provider’s stock worth $489,000 after purchasing an additional 53 shares during the period. Missouri Trust & Investment Co increased its position in shares of Alphabet by 0.3% in the second quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider’s stock valued at $2,981,000 after buying an additional 55 shares in the last quarter. Silver Coast Investments LLC raised its stake in shares of Alphabet by 1.3% during the 2nd quarter. Silver Coast Investments LLC now owns 4,317 shares of the information services provider’s stock worth $761,000 after buying an additional 55 shares during the period. AM Investment Strategies LLC lifted its position in shares of Alphabet by 0.9% during the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock valued at $1,141,000 after buying an additional 57 shares in the last quarter. Finally, Bfsg LLC lifted its position in shares of Alphabet by 0.6% during the 2nd quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock valued at $1,838,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Guggenheim reissued a “buy” rating and issued a $375.00 price target (up previously from $330.00) on shares of Alphabet in a report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, October 8th. Citizens Jmp upped their price target on shares of Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. Evercore ISI raised their price target on shares of Alphabet from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Wolfe Research reiterated an “outperform” rating and set a $350.00 price objective (up from $290.00) on shares of Alphabet in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $312.06.

Alphabet Stock Up 1.2%

GOOGL stock opened at $319.63 on Thursday. The company has a market cap of $3.86 trillion, a price-to-earnings ratio of 31.52, a PEG ratio of 1.82 and a beta of 1.07. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $328.83. The firm has a 50-day moving average of $273.22 and a two-hundred day moving average of $222.36.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. As a group, analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 8.28%.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $317.66, for a total value of $32,401.32. Following the completion of the sale, the director directly owned 18,104 shares of the company’s stock, valued at $5,750,916.64. This trade represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $296.64, for a total transaction of $9,640,800.00. Following the transaction, the chief executive officer directly owned 2,304,619 shares in the company, valued at approximately $683,642,180.16. The trade was a 1.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 193,628 shares of company stock valued at $50,942,622 in the last quarter. Corporate insiders own 11.64% of the company’s stock.

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.