Highview Capital Management LLC DE Buys 1,231 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Highview Capital Management LLC DE grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,097 shares of the information services provider’s stock after purchasing an additional 1,231 shares during the period. Alphabet comprises approximately 1.9% of Highview Capital Management LLC DE’s holdings, making the stock its 15th biggest holding. Highview Capital Management LLC DE’s holdings in Alphabet were worth $4,660,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GOOGL. Nicholas Hoffman & Company LLC. boosted its holdings in shares of Alphabet by 4.4% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 17,694 shares of the information services provider’s stock worth $2,935,000 after acquiring an additional 752 shares in the last quarter. Lodestar Private Asset Management LLC raised its position in Alphabet by 1.3% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 9,554 shares of the information services provider’s stock valued at $1,584,000 after purchasing an additional 119 shares during the last quarter. Eagle Strategies LLC boosted its stake in Alphabet by 80.8% in the third quarter. Eagle Strategies LLC now owns 8,447 shares of the information services provider’s stock worth $1,401,000 after purchasing an additional 3,776 shares in the last quarter. Fidelis Capital Partners LLC grew its holdings in shares of Alphabet by 9.2% during the third quarter. Fidelis Capital Partners LLC now owns 88,564 shares of the information services provider’s stock worth $14,417,000 after purchasing an additional 7,448 shares during the last quarter. Finally, Bay Rivers Group increased its stake in shares of Alphabet by 1.3% in the third quarter. Bay Rivers Group now owns 27,163 shares of the information services provider’s stock valued at $4,505,000 after buying an additional 354 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares in the company, valued at $50,765,346. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares in the company, valued at $2,820,779.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 241,752 shares of company stock valued at $40,156,829. Corporate insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GOOGL. Roth Mkm increased their price objective on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup raised their price target on Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. BMO Capital Markets restated an “outperform” rating and set a $217.00 target price (up from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Wells Fargo & Company boosted their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, KeyCorp boosted their price objective on shares of Alphabet from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.90.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $178.35 on Monday. The stock has a market capitalization of $2.18 trillion, a PE ratio of 23.65, a P/E/G ratio of 1.25 and a beta of 1.03. The business has a fifty day moving average price of $163.54 and a two-hundred day moving average price of $169.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a fifty-two week low of $127.90 and a fifty-two week high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (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 for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the previous year, the company earned $1.55 EPS. As a group, equities analysts predict that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Alphabet’s payout ratio is currently 10.61%.

About Alphabet

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.