Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Ewa LLC

Ewa LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 13.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,025 shares of the information services provider’s stock after purchasing an additional 597 shares during the period. Ewa LLC’s holdings in Alphabet were worth $891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of GOOG. Nomura Asset Management Co. Ltd. boosted its stake in Alphabet by 6.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,746,192 shares of the information services provider’s stock worth $459,136,000 after buying an additional 176,110 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in Alphabet by 143.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 39,545 shares of the information services provider’s stock worth $6,612,000 after purchasing an additional 23,289 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Alphabet by 2.9% in the third quarter. MML Investors Services LLC now owns 597,547 shares of the information services provider’s stock valued at $99,904,000 after buying an additional 17,015 shares in the last quarter. Montchanin Asset Management LLC boosted its holdings in Alphabet by 0.7% during the 3rd quarter. Montchanin Asset Management LLC now owns 36,828 shares of the information services provider’s stock valued at $6,157,000 after acquiring an additional 270 shares during the period. Finally, K2 Principal Fund L.P. grew its holdings in shares of Alphabet by 270.0% in the third quarter. K2 Principal Fund L.P. now owns 25,000 shares of the information services provider’s stock valued at $4,180,000 after purchasing an additional 18,244 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 2,835 shares of Alphabet stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the sale, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the transaction, the director now owns 330,466 shares in the company, valued at $59,741,643.48. This represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,624 shares of company stock valued at $27,803,730. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

Alphabet stock opened at $176.49 on Monday. Alphabet Inc. has a 12-month low of $131.06 and a 12-month high of $193.31. The firm’s fifty day moving average price is $171.06 and its 200 day moving average price is $171.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping 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 company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. During the same period last year, the business earned $1.55 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GOOG shares. Oppenheimer upped their target price on shares of Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup raised their price objective on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. UBS Group upped their price objective on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

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.