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Several hedge funds have recently adjusted their investment in Alphabet (GOOG). Richardson Financial acquired a new position worth $34,000, while Abich Financial increased its stake by 9,200%, now holding 186 shares valued at $34,000. 1620 Investment Advisors and HWG Holdings also bought new stakes valued at approximately $37,000 and $40,000, respectively. Insiders have sold 193,725 shares worth over $31 million in the past three months, with hedge funds owning 27.26% of the company.
Analyst Ratings
DA Davidson upgraded Alphabet to a “hold.” Pivotal Research initiated coverage with a “buy” and a $215 target. Meanwhile, Rosenblatt lowered its recommendation to “neutral” with a $181 target. The consensus rating is “Moderate Buy” with a target price of $183.75.
Insider Trading
Insider John Kent Walker sold 16,802 shares for about $2.78 million on September 27. Total insider sales reached $31.9 million over three months, with insiders holding 12.99% of shares.
Stock Performance
Alphabet shares opened at $168.42, with a yearly low of $121.46 and a high of $193.31. The market cap is $2.08 trillion, with a PE ratio of 25.83.
Earnings Review
Alphabet recently posted $1.89 EPS, surpassing estimates, and reported revenue of $84.74 billion, a 13.6% increase year-over-year. Analysts predict 7.63 EPS for the current year.
Dividend Info
The quarterly dividend of $0.20 was paid on September 16, with a yield of 0.48% and a payout ratio of 12.27%.
Company Overview
Alphabet operates through Google Services, Google Cloud, and Other Bets globally, offering products like Google Ads, Android, and YouTube.
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