Recently, several large investors bought and sold Alphabet shares. MorganRosel Wealth Management increased its stake by 3.6%, now owning 1,620 shares worth $295,000. Hengehold Capital raised its holdings by 0.8%, owning 7,224 shares worth $1,316,000. Christopher J. Hasenberg Inc increased its stake by 75.0% to 140 shares valued at $26,000. Joseph P. Lucia & Associates added 1.0% to own 6,624 shares worth $1,000,000. Sunflower Bank N.A. also increased its stake by 1.0%, now owning 6,309 shares valued at $1,149,000. Hedge funds and institutional investors own 40.03% of Alphabet.
Insider Transactions at Alphabet
CEO Sundar Pichai sold 22,500 shares on July 17 for $4,113,900. He now owns 2,204,885 shares valued at $403,141,173. CAO Amie Thuener O’toole sold 682 shares on August 2 for $114,576. Insiders have sold 216,092 shares in the last 90 days, owning 11.55% of the company.
Wall Street Analysts Forecast Growth
Several analysts have updated their price targets for Alphabet: Mizuho raised theirs from $205 to $210, JPMorgan from $200 to $208, and Tigress from $210 to $220. In contrast, Wells Fargo lowered theirs from $190 to $182, and BMO from $222 to $215. Out of the analysts, 8 rated it as hold, 28 as buy, and 4 as strong buy. The average rating is “Moderate Buy” with a consensus price target of $200.95.
Alphabet Stock Information
NASDAQ GOOGL opened at $163.24. It has a market cap of $2.02 trillion, P/E ratio of 25.04, and 12-month high/low of $191.75/$120.21. Its last earnings report showed $1.89 EPS, exceeding estimates.
Alphabet Dividend Announcement
Alphabet announced a quarterly dividend of $0.20, paid on September 16. The annual dividend is $0.80, with a yield of 0.49%. The payout ratio is 12.27%.
About Alphabet
Alphabet Inc operates various products globally, including Google Services, Google Cloud, and Other Bets.
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