Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Foresight Global Investors Inc.

Foresight Global Investors Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 14.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,972 shares of the information services provider’s stock after purchasing an additional 1,125 shares during the quarter. Alphabet makes up 0.8% of Foresight Global Investors Inc.’s holdings, making the stock its 14th biggest position. Foresight Global Investors Inc.’s holdings in Alphabet were worth $1,634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GOOGL. Warwick Investment Management Inc. acquired a new position in Alphabet in the 4th quarter valued at $367,000. Vectors Research Management LLC purchased a new stake in shares of Alphabet during the fourth quarter worth $224,000. Clear Rock Advisors LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at about $289,000. ORBA Wealth Advisors L.L.C. acquired a new stake in shares of Alphabet in the fourth quarter valued at about $1,172,000. Finally, Sprinkle Financial Consultants LLC purchased a new position in shares of Alphabet in the fourth quarter worth about $696,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $182.84, for a total value of $4,113,900.00. Following the sale, the chief executive officer now directly owns 2,204,885 shares of the company’s stock, valued at approximately $403,141,173.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $182.84, for a total value of $4,113,900.00. Following the transaction, the chief executive officer now owns 2,204,885 shares in the company, valued at approximately $403,141,173.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 16,802 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $165.47, for a total value of $2,780,226.94. Following the sale, the insider now owns 43,999 shares of the company’s stock, valued at approximately $7,280,514.53. The disclosure for this sale can be found here. Insiders have sold 193,725 shares of company stock valued at $31,933,031 in the last quarter. Corporate insiders own 11.55% of the company’s stock.

Alphabet Trading Up 0.7 %

NASDAQ GOOGL opened at $166.99 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market cap of $2.06 trillion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.21 and a beta of 1.04. The firm has a 50 day simple moving average of $162.22 and a 200-day simple moving average of $167.02. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter last year, the company posted $1.44 EPS. Equities research analysts anticipate that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several research reports. Truist Financial reaffirmed a “buy” rating and set a $196.00 price objective on shares of Alphabet in a research note on Monday, September 16th. BMO Capital Markets restated an “outperform” rating and issued a $222.00 price target on shares of Alphabet in a research report on Monday, September 16th. DA Davidson started coverage on Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective on the stock. Piper Sandler restated an “overweight” rating and issued a $200.00 target price on shares of Alphabet in a report on Monday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a research note on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.35.

Alphabet Company 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.