Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by DeDora Capital Inc.

DeDora Capital Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,752 shares of the information services provider’s stock after purchasing an additional 122 shares during the quarter. Alphabet comprises about 1.0% of DeDora Capital Inc.’s investment portfolio, making the stock its 26th biggest position. DeDora Capital Inc.’s holdings in Alphabet were worth $3,608,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GOOGL. Calton & Associates Inc. boosted its holdings in Alphabet by 162.8% in the third quarter. Calton & Associates Inc. now owns 4,409 shares of the information services provider’s stock valued at $731,000 after acquiring an additional 2,731 shares during the last quarter. Oakworth Capital Inc. increased its position in shares of Alphabet by 2.5% during the third quarter. Oakworth Capital Inc. now owns 22,569 shares of the information services provider’s stock worth $3,743,000 after acquiring an additional 559 shares during the last quarter. Maple Capital Management Inc. increased its position in shares of Alphabet by 11.5% during the third quarter. Maple Capital Management Inc. now owns 9,688 shares of the information services provider’s stock worth $1,607,000 after acquiring an additional 999 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of Alphabet by 13.1% during the third quarter. Foundations Investment Advisors LLC now owns 146,100 shares of the information services provider’s stock worth $24,231,000 after acquiring an additional 16,911 shares during the last quarter. Finally, Telos Capital Management Inc. increased its position in shares of Alphabet by 0.4% during the third quarter. Telos Capital Management Inc. now owns 111,714 shares of the information services provider’s stock worth $18,528,000 after acquiring an additional 418 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $171.29 on Friday. The company has a current ratio of 1.95, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $162.43 and a 200-day moving average of $168.91. Alphabet Inc. has a 1 year low of $126.93 and a 1 year high of $191.75. The stock has a market capitalization of $2.11 trillion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 1.29 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the previous year, the business earned $1.55 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.85 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the completion of the transaction, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at $354,310,204.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the sale, the chief executive officer now directly owns 2,182,385 shares of the company’s stock, valued at approximately $354,310,204.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the sale, the chief accounting officer now directly owns 32,017 shares in the company, valued at $5,136,807.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 230,244 shares of company stock valued at $37,776,954 in the last quarter. Company insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GOOGL shares. JPMorgan Chase & Co. boosted their price objective on Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. JMP Securities increased their price target on Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a research note on Wednesday. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Alphabet in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Wednesday. Finally, Citigroup increased their target price on Alphabet from $190.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.51.

Alphabet 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.