Bank of Hawaii Has $10.36 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Bank of Hawaii raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,451 shares of the information services provider’s stock after buying an additional 376 shares during the period. Bank of Hawaii’s holdings in Alphabet were worth $10,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc increased its position in Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 60 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Alphabet during the third quarter valued at approximately $32,000. Kings Path Partners LLC acquired a new stake in shares of Alphabet in the second quarter valued at approximately $36,000. Denver PWM LLC bought a new position in Alphabet in the 2nd quarter worth approximately $41,000. Finally, Quarry LP acquired a new position in Alphabet during the 2nd quarter worth $53,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 1.2 %

Shares of Alphabet stock opened at $174.71 on Friday. The firm has a market cap of $2.14 trillion, a PE ratio of 23.17, a P/E/G ratio of 1.24 and a beta of 1.01. The business’s 50 day simple moving average is $169.51 and its 200 day simple moving average is $170.24. 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 Inc. has a 52-week low of $129.68 and a 52-week high of $191.75.

Alphabet (NASDAQ:GOOGL) last announced its 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 net margin of 27.74% and a return on equity of 31.66%. 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 company posted $1.55 earnings per share. On average, analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Analyst Ratings Changes

Several equities research analysts have recently commented on GOOGL shares. DA Davidson assumed coverage on Alphabet in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 target price for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $217.00 price target (up previously from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Tigress Financial raised their target price on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Finally, Sanford C. Bernstein lifted their price target on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $205.90.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the sale, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $153.75, for a total value of $123,000.00. Following the completion of the sale, the director now directly owns 28,524 shares of the company’s stock, valued at approximately $4,385,565. The trade was a 2.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,624 shares of company stock worth $27,803,730. Corporate insiders own 11.55% 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.