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Recent changes in positions for Alphabet (GOOG) were made by several hedge funds. Richardson Financial Services acquired a new stake worth $34,000, while Abich Financial increased its stake significantly during Q2, now owning 186 shares valued at $34,000. 1620 Investment Advisors invested around $37,000, and HWG Holdings as well as Slocum Gordon bought stakes worth $40,000 and $44,000, respectively. Institutional investors collectively own 27.26% of Alphabet.
Analysts Issues New Ratings
Various analysts have provided updates, with DA Davidson upgrading Alphabet to hold. Pivotal Research assigned a buy rating with a $215 target price, while Rosenblatt downgraded Alphabet to neutral with a $181 target. The consensus rating is Moderate Buy with an average target price of $183.75.
Insider Trading Activity
Insider John Kent Walker sold 16,802 shares at $165.47 on September 27, totaling around $2.78 million. Another insider, Prabhakar Raghavan, sold 34,257 shares at an average price of $162.60. Overall, insiders sold 193,725 shares worth approximately $31.93 million over the last three months.
Current Stock Performance
Alphabet’s shares opened at $168.42, showing a 1-year low of $121.46 and a high of $193.31. The company’s market cap stands at $2.08 trillion, with a PE ratio of 25.83. Recently, Alphabet reported earnings of $1.89 per share, exceeding estimates of $1.85.
Dividend Announcement
Alphabet declared a quarterly $0.20 dividend, paid on September 16, which results in an annual yield of 0.48% and a payout ratio of 12.27%.
About Alphabet
Alphabet Inc operates globally, providing various services through Google Services and Google Cloud.
Explore More
Curious about hedge fund holdings in GOOG? Check out HoldingsChannel.com for the latest 13F filings and insider trades.
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