Alphabet Inc. $GOOGL Position Boosted by Global Endowment Management LP

Global Endowment Management LP lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 21.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,784 shares of the information services provider’s stock after purchasing an additional 2,223 shares during the period. Global Endowment Management LP’s holdings in Alphabet were worth $1,977,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Guardian Wealth Management Inc. lifted its position in shares of Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after purchasing an additional 119 shares during the last quarter. IMA Advisory Services Inc. acquired a new position in Alphabet in the first quarter valued at approximately $28,000. von Borstel & Associates Inc. acquired a new stake in shares of Alphabet during the 1st quarter worth approximately $28,000. NBZ Investment Advisors LLC raised its position in shares of Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after purchasing an additional 90 shares during the period. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Alphabet during the 1st quarter worth approximately $39,000. Institutional investors own 40.03% of the company’s stock.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the firm’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the transaction, the director owned 243,400 shares of the company’s stock, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $200.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director directly owned 6,916 shares of the company’s stock, valued at $1,383,200. This represents a 12.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 222,219 shares of company stock worth $40,725,772. Company insiders own 11.64% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $199.32 on Thursday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $2.41 trillion, a PE ratio of 21.23, a P/E/G ratio of 1.36 and a beta of 1.01. The company’s 50 day simple moving average is $185.70 and its 200 day simple moving average is $173.38.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.16. The firm had revenue of $96,428,000 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. As a group, equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. Alphabet’s dividend payout ratio (DPR) is currently 8.95%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GOOGL. BNP Paribas cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th. Barclays increased their price target on Alphabet from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Oppenheimer increased their price target on Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. JMP Securities lifted their price target on Alphabet from $220.00 to $225.00 and gave the company a “market outperform” rating in a report on Thursday, July 24th. Finally, Guggenheim lifted their price target on Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.53.

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.