Bank Hapoalim BM Sells 433 Shares of Alphabet Inc. (NASDAQ:GOOG)

Bank Hapoalim BM lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,130 shares of the information services provider’s stock after selling 433 shares during the period. Alphabet comprises approximately 1.8% of Bank Hapoalim BM’s holdings, making the stock its 17th biggest position. Bank Hapoalim BM’s holdings in Alphabet were worth $11,892,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Plimoth Trust Co. LLC raised its position in shares of Alphabet by 1.0% during the first quarter. Plimoth Trust Co. LLC now owns 14,170 shares of the information services provider’s stock valued at $2,158,000 after buying an additional 135 shares during the last quarter. Azzad Asset Management Inc. ADV bought a new position in shares of Alphabet during the 1st quarter valued at approximately $248,000. Monument Capital Management raised its holdings in Alphabet by 5.6% during the 1st quarter. Monument Capital Management now owns 3,517 shares of the information services provider’s stock valued at $535,000 after buying an additional 188 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Alphabet by 12.1% in the 1st quarter. Sivia Capital Partners LLC now owns 20,700 shares of the information services provider’s stock worth $3,152,000 after acquiring an additional 2,231 shares during the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in Alphabet by 11.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 4,395 shares of the information services provider’s stock valued at $669,000 after purchasing an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $172.69 on Friday. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.31 and a beta of 1.04. Alphabet Inc. has a 52-week low of $123.93 and a 52-week high of $193.31. The company has a quick ratio of 2.08, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $163.71 and its 200 day moving average is $170.32.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business posted $1.55 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 7.83 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s payout ratio is currently 10.61%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00. Following the completion of the sale, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at approximately $354,310,204.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the sale, the chief executive officer now directly owns 2,182,385 shares of the company’s stock, valued at $354,310,204.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the transaction, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at approximately $5,136,807.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,744 shares of company stock worth $35,878,764 over the last three months. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on GOOG. Cantor Fitzgerald raised shares of Alphabet to a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Company boosted their price objective on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Jefferies Financial Group lifted their target price on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD Cowen raised their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet 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.