Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its position in Alphabet Inc. (NASDAQ:GOOG) by 15.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 255,989 shares of the information services provider’s stock after acquiring an additional 34,378 shares during the period. Alphabet makes up about 1.8% of Vinva Investment Management Ltd’s investment portfolio, making the stock its 6th largest position. Vinva Investment Management Ltd’s holdings in Alphabet were worth $42,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Abich Financial Wealth Management LLC raised its position in shares of Alphabet by 9,200.0% during the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock worth $34,000 after purchasing an additional 184 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Alphabet during the second quarter worth $37,000. HWG Holdings LP acquired a new stake in shares of Alphabet during the second quarter worth $40,000. Sanctuary Wealth Management L.L.C. raised its position in shares of Alphabet by 87.3% during the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock worth $42,000 after purchasing an additional 117 shares during the period. Finally, Slocum Gordon & Co LLP acquired a new position in Alphabet during the second quarter valued at $44,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOG opened at $170.82 on Thursday. The company has a market cap of $2.09 trillion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 1.18 and a beta of 1.04. The stock has a 50-day moving average of $169.71 and a 200-day moving average of $171.85. Alphabet Inc. has a 52-week low of $129.40 and a 52-week high of $193.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last released its 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 firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company’s revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

Insider Buying and Selling at Alphabet

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $177.41, for a total value of $1,862,805.00. Following the completion of the transaction, the director now directly owns 319,966 shares in the company, valued at approximately $56,765,168.06. This represents a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the sale, the chief executive officer now owns 2,061,806 shares in the company, valued at $364,259,266.02. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 206,795 shares of company stock valued at $34,673,866 in the last 90 days. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent analyst reports. DA Davidson raised Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Scotiabank initiated coverage on Alphabet in a research report on Friday, October 11th. They set a “sector outperform” rating and a $212.00 price target on the stock. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Barclays upped their price target on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their price target on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

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.