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Multiple hedge funds adjusted their stakes in Alphabet (GOOG) recently. Notably, Richardson Financial acquired a new position valued at $34,000, while Abich Financial increased its holdings by 9,200%, totaling 186 shares worth $34,000. Other investors, like 1620 Investment Advisors and HWG Holdings, made similar moves, bringing institutional ownership to 27.26%.
Analyst Ratings Update
Analysts are providing mixed ratings for Alphabet. DA Davidson upgraded to “hold,” while Pivotal set a “buy” with a $215 target. Rosenblatt downgraded to “neutral” with a $181 target, and Oppenheimer adjusted their target down to $185. Three maintain a “hold,” seven suggest “buy,” and the average rating stands at “Moderate Buy,” with a target price of $183.75.
Insider Trading Activity
Insider John Kent Walker sold 16,802 shares for $2.78M; he now holds 43,999 shares valued at about $7.28M. SVP Prabhakar Raghavan also sold 34,257 shares totaling $5.57M. Insiders have sold 193,725 shares worth approximately $31.93M recently, holding 12.99% of the stock.
Recent Stock Performance
Alphabet shares opened at $168.42, with a 52-week range between $121.46 and $193.31, and a market cap of $2.08 trillion. Recent earnings topped estimates with an EPS of $1.89 and revenue of $84.74 billion, reflecting a 13.6% year-over-year increase.
Dividend Announcement
Alphabet declared a quarterly dividend of $0.20, totaling $0.80 annually, with a yield of 0.48% and a payout ratio of 12.27%.
Alphabet Overview
(Free Report) Alphabet Inc. provides various services globally, operating in segments like Google Services and Google Cloud.
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Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com for the latest filings.
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