Alphabet Inc. $GOOG Shares Purchased by Invesco Ltd.

Invesco Ltd. grew its position in Alphabet Inc. (NASDAQ:GOOG) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,774,746 shares of the information services provider’s stock after buying an additional 394,673 shares during the quarter. Alphabet accounts for 0.6% of Invesco Ltd.’s holdings, making the stock its 13th largest holding. Invesco Ltd. owned approximately 0.17% of Alphabet worth $3,685,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC boosted its position in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Alphabet by 44.6% in the first quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 9,270 shares of the information services provider’s stock worth $1,448,000 after acquiring an additional 2,860 shares in the last quarter. LCM Capital Management Inc raised its stake in shares of Alphabet by 2.9% in the 1st quarter. LCM Capital Management Inc now owns 3,347 shares of the information services provider’s stock valued at $523,000 after acquiring an additional 93 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in shares of Alphabet by 2.5% during the 1st quarter. Thoroughbred Financial Services LLC now owns 102,986 shares of the information services provider’s stock valued at $16,089,000 after acquiring an additional 2,492 shares in the last quarter. Finally, Advyzon Investment Management LLC increased its holdings in Alphabet by 80.9% in the 1st quarter. Advyzon Investment Management LLC now owns 10,196 shares of the information services provider’s stock valued at $1,593,000 after purchasing an additional 4,560 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOG opened at $316.02 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3.81 trillion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $328.67. The company has a 50 day moving average price of $272.34 and a two-hundred day moving average price of $222.44.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. Alphabet’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.12 EPS. As a group, equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio is currently 8.28%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Rosenblatt Securities set a $279.00 price target on Alphabet in a research report on Thursday, October 30th. Piper Sandler raised their price objective on shares of Alphabet from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. KeyCorp reiterated an “overweight” rating and issued a $330.00 target price on shares of Alphabet in a research report on Thursday, October 30th. Finally, Jefferies Financial Group lifted their price target on shares of Alphabet from $285.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and an average price target of $307.22.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $280.06, for a total value of $168,036.00. Following the sale, the director owned 4,516 shares of the company’s stock, valued at $1,264,750.96. This trade represents a 11.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $296.64, for a total transaction of $9,640,800.00. Following the transaction, the chief executive officer owned 2,304,619 shares of the company’s stock, valued at approximately $683,642,180.16. The trade was a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 196,406 shares of company stock valued at $51,743,408. 12.99% of the stock is owned by company 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.