Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,958 shares of the information services provider’s stock after purchasing an additional 276 shares during the period. Hanseatic Management Services Inc.’s holdings in Alphabet were worth $829,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. grew its holdings in Alphabet by 360.1% during the first quarter. China Universal Asset Management Co. Ltd. now owns 20,249 shares of the information services provider’s stock worth $3,083,000 after acquiring an additional 15,848 shares during the period. Quent Capital LLC lifted its holdings in Alphabet by 5.8% in the first quarter. Quent Capital LLC now owns 32,706 shares of the information services provider’s stock valued at $4,980,000 after acquiring an additional 1,798 shares during the period. TFB Advisors LLC boosted its position in shares of Alphabet by 48.2% during the 1st quarter. TFB Advisors LLC now owns 8,123 shares of the information services provider’s stock worth $1,345,000 after purchasing an additional 2,643 shares in the last quarter. Catalina Capital Group LLC grew its stake in shares of Alphabet by 51.1% during the 1st quarter. Catalina Capital Group LLC now owns 20,649 shares of the information services provider’s stock worth $3,144,000 after purchasing an additional 6,986 shares during the period. Finally, Clarity Capital Partners LLC increased its holdings in shares of Alphabet by 14.2% in the 1st quarter. Clarity Capital Partners LLC now owns 2,355 shares of the information services provider’s stock valued at $359,000 after purchasing an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on GOOG shares. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a report on Friday, November 1st. DA Davidson raised Alphabet to a “hold” rating in a report on Tuesday, September 10th. Barclays upped their target price on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Citigroup lifted their price target on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $200.56.

Alphabet Stock Up 2.2 %

GOOG opened at $182.28 on Friday. Alphabet Inc. has a 12 month low of $129.40 and a 12 month high of $193.31. The business has a 50-day moving average of $164.24 and a two-hundred day moving average of $170.89. The stock has a market capitalization of $2.24 trillion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 1.20 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG) last announced 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. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. Alphabet’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the business earned $1.55 EPS. On average, research analysts expect that Alphabet Inc. will post 7.97 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 yield of 0.44%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares in the company, valued at approximately $5,136,807.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the transaction, the chief accounting officer now owns 32,017 shares in the company, valued at approximately $5,136,807.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $153.75, for a total value of $123,000.00. Following the completion of the sale, the director now owns 28,524 shares of the company’s stock, valued at approximately $4,385,565. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 242,552 shares of company stock worth $40,287,253 over the last three months. 12.99% of the stock is owned by insiders.

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.