84,150 Shares in Alphabet Inc. $GOOG Purchased by Attestor Capital Ltd

Attestor Capital Ltd purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) in the third quarter, Holdings Channel.com reports. The fund purchased 84,150 shares of the information services provider’s stock, valued at approximately $28,673,000. Alphabet makes up about 4.7% of Attestor Capital Ltd’s portfolio, making the stock its 5th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Providence Wealth Advisors LLC lifted its stake in shares of Alphabet by 0.3% in the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock valued at $3,094,000 after purchasing an additional 29 shares in the last quarter. One Charles Private Wealth Services LLC grew its stake in Alphabet by 0.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock valued at $1,390,000 after buying an additional 29 shares during the last quarter. Wisconsin Wealth Advisors LLC grew its holdings in Alphabet by 1.3% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock worth $785,000 after acquiring an additional 29 shares during the last quarter. Cypress Financial Planning LLC boosted its holdings in Alphabet by 1.3% during the third quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider’s stock worth $749,000 after purchasing an additional 29 shares during the last quarter. Finally, Johnson Wealth Management LLC grew its position in Alphabet by 1.7% during the second quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider’s stock valued at $651,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 247 shares of company stock worth $79,238. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.8%

GOOG opened at $283.93 on Friday. Alphabet Inc. has a fifty-two week low of $271.41 and a fifty-two week high of $404.47. The company has a fifty day moving average of $329.78 and a two-hundred day moving average of $337.01. The stock has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.84 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.97 billion. During the same quarter in the prior year, the company earned $2.87 earnings per share. The firm’s revenue was up 24.7% compared to the same quarter last year. On average, research analysts expect that Alphabet Inc. will post 19.80 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 14th. Investors of record on Monday, December 7th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet’s dividend payout ratio is 4.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GOOG shares. Wedbush began coverage on Alphabet in a report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 price target for the company. New Street Research lowered their price objective on shares of Alphabet from $455.00 to $405.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Raymond James Financial reiterated a “strong-buy” rating and issued a $350.00 target price on shares of Alphabet in a research note on Thursday, October 29th. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating and lowered their target price for the company from $450.00 to $425.00 in a research report on Monday, July 27th. Finally, UBS Group restated a “reduce” rating on shares of Alphabet in a report on Thursday, October 29th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $413.38.

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Alphabet Company Profile

(Free Report)

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.

Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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