Gordian Capital Singapore Pte Ltd Purchases 585 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Gordian Capital Singapore Pte Ltd increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,535 shares of the information services provider’s stock after purchasing an additional 585 shares during the quarter. Alphabet makes up 0.7% of Gordian Capital Singapore Pte Ltd’s portfolio, making the stock its 20th largest holding. Gordian Capital Singapore Pte Ltd’s holdings in Alphabet were worth $1,747,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. PYA Waltman Capital LLC boosted its holdings in Alphabet by 1.9% during the third quarter. PYA Waltman Capital LLC now owns 69,106 shares of the information services provider’s stock valued at $11,461,000 after purchasing an additional 1,298 shares in the last quarter. Peloton Wealth Strategists lifted its position in shares of Alphabet by 4.4% during the 3rd quarter. Peloton Wealth Strategists now owns 47,747 shares of the information services provider’s stock worth $7,919,000 after buying an additional 1,994 shares during the period. Geller Advisors LLC boosted its stake in Alphabet by 1.5% in the 3rd quarter. Geller Advisors LLC now owns 34,370 shares of the information services provider’s stock valued at $5,700,000 after buying an additional 507 shares in the last quarter. Drucker Wealth 3.0 LLC grew its position in Alphabet by 1.2% in the third quarter. Drucker Wealth 3.0 LLC now owns 24,151 shares of the information services provider’s stock valued at $4,005,000 after acquiring an additional 290 shares during the period. Finally, Hamilton Capital LLC lifted its holdings in shares of Alphabet by 126.9% during the third quarter. Hamilton Capital LLC now owns 5,479 shares of the information services provider’s stock valued at $938,000 after acquiring an additional 3,064 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This trade represents a 2.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 16,802 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $165.47, for a total transaction of $2,780,226.94. Following the completion of the transaction, the insider now owns 43,999 shares in the company, valued at approximately $7,280,514.53. This represents a 27.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 198,623 shares of company stock worth $34,413,006 in the last ninety days. Insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of recent analyst reports. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Piper Sandler restated an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. JMP Securities lifted their price objective on Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. DA Davidson initiated coverage on Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 target price on the stock. Finally, Loop Capital lifted their price target on Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. 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 company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Alphabet Stock Up 3.6 %

Alphabet stock opened at $196.66 on Tuesday. The company has a fifty day simple moving average of $172.31 and a 200 day simple moving average of $170.80. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $199.00. The company has a market cap of $2.41 trillion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same period last year, the company earned $1.55 earnings per share. Research analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

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.