Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,958 shares of the information services provider’s stock after purchasing an additional 276 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Alphabet were worth $829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. lifted its stake in shares of Alphabet by 360.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 20,249 shares of the information services provider’s stock valued at $3,083,000 after purchasing an additional 15,848 shares during the last quarter. Quent Capital LLC boosted its position in shares of Alphabet by 5.8% during the first quarter. Quent Capital LLC now owns 32,706 shares of the information services provider’s stock worth $4,980,000 after buying an additional 1,798 shares during the period. TFB Advisors LLC grew its stake in shares of Alphabet by 48.2% in the first quarter. TFB Advisors LLC now owns 8,123 shares of the information services provider’s stock valued at $1,345,000 after buying an additional 2,643 shares in the last quarter. Catalina Capital Group LLC raised its holdings in shares of Alphabet by 51.1% in the 1st quarter. Catalina Capital Group LLC now owns 20,649 shares of the information services provider’s stock valued at $3,144,000 after buying an additional 6,986 shares during the period. Finally, Clarity Capital Partners LLC lifted its stake in Alphabet by 14.2% during the 1st quarter. Clarity Capital Partners LLC now owns 2,355 shares of the information services provider’s stock worth $359,000 after acquiring an additional 292 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOG opened at $182.28 on Friday. The company has a market capitalization of $2.24 trillion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 1.20 and a beta of 1.04. Alphabet Inc. has a 52-week low of $129.40 and a 52-week high of $193.31. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $164.24 and a 200 day moving average price of $170.89.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Research analysts predict that Alphabet Inc. will post 7.97 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced 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 0.44%. The ex-dividend date is Monday, December 9th. Alphabet’s payout ratio is currently 10.61%.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $163.03, for a total value of $130,424.00. Following the completion of the sale, the director now directly owns 30,024 shares of the company’s stock, valued at approximately $4,894,812.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the completion of the sale, the chief executive officer now directly owns 2,159,885 shares of the company’s stock, valued at $362,126,319.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $163.03, for a total value of $130,424.00. Following the completion of the transaction, the director now owns 30,024 shares in the company, valued at $4,894,812.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 242,552 shares of company stock valued at $40,287,253 in the last three months. 12.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on GOOG shares. Barclays lifted their target price on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group upped their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, Oppenheimer increased their price objective on Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

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.