Alphabet Inc. (NASDAQ:GOOGL) Stock Position Increased by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,535 shares of the information services provider’s stock after purchasing an additional 585 shares during the period. Alphabet makes up approximately 0.7% of Gordian Capital Singapore Pte Ltd’s holdings, making the stock its 20th biggest position. Gordian Capital Singapore Pte Ltd’s holdings in Alphabet were worth $1,747,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Christopher J. Hasenberg Inc boosted its position in Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after acquiring an additional 60 shares during the period. LMR Partners LLP acquired a new position in Alphabet during the 3rd quarter valued at about $32,000. Kings Path Partners LLC bought a new stake in shares of Alphabet during the 2nd quarter worth about $36,000. Denver PWM LLC acquired a new stake in shares of Alphabet in the 2nd quarter worth approximately $41,000. Finally, Quarry LP bought a new position in shares of Alphabet in the second quarter valued at approximately $53,000. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GOOGL shares. Truist Financial upped their target price on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JMP Securities upped their price objective on Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Evercore ISI boosted their price target on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on shares of Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Pivotal Research upped their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating 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. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Alphabet Stock Up 3.6 %

Shares of GOOGL stock opened at $196.66 on Tuesday. The stock’s 50 day simple moving average is $172.31 and its 200 day simple moving average is $170.80. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $199.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the previous year, the company earned $1.55 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the sale, the director now owns 23,324 shares in the company, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 16,802 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $165.47, for a total transaction of $2,780,226.94. Following the transaction, the insider now owns 43,999 shares of the company’s stock, valued at approximately $7,280,514.53. The trade was a 27.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,623 shares of company stock worth $34,413,006. 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.