Alphabet Inc. $GOOGL is National Bank of Canada FI’s 7th Largest Position

National Bank of Canada FI grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 21.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,890,439 shares of the information services provider’s stock after purchasing an additional 2,116,512 shares during the period. Alphabet makes up about 2.0% of National Bank of Canada FI’s holdings, making the stock its 7th biggest position. National Bank of Canada FI’s holdings in Alphabet were worth $2,095,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GOOGL. Financial Gravity Companies Inc. purchased a new stake in shares of Alphabet during the second quarter worth $31,000. CarsonAllaria Wealth Management Ltd. grew its position in shares of Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 67 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its stake in shares of Alphabet by 37.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 89 shares during the period. S&T Bank PA lifted its holdings in Alphabet by 40.2% during the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock worth $61,000 after purchasing an additional 99 shares in the last quarter. Finally, Christopher J. Hasenberg Inc boosted its stake in Alphabet by 77.6% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock worth $61,000 after purchasing an additional 152 shares during the period. 40.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

GOOGL has been the topic of several analyst reports. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Alphabet from $260.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. BNP Paribas started coverage on shares of Alphabet in a report on Monday, November 24th. They set an “outperform” rating and a $355.00 target price on the stock. Arete Research raised their price target on shares of Alphabet from $300.00 to $380.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Melius Research upped their price target on shares of Alphabet from $220.00 to $255.00 in a report on Thursday, September 25th. Four analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $314.22.

Alphabet Price Performance

GOOGL opened at $309.29 on Friday. The stock has a 50-day moving average price of $283.14 and a 200-day moving average price of $229.57. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $328.83. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3.73 trillion, a P/E ratio of 30.50, a PEG ratio of 1.79 and a beta of 1.07.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. Equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 8.28%.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $280.06, for a total value of $168,036.00. Following the completion of the sale, the director owned 4,516 shares of the company’s stock, valued at approximately $1,264,750.96. This represents a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 954 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $317.00, for a total transaction of $302,418.00. Following the transaction, the chief accounting officer directly owned 11,740 shares in the company, valued at approximately $3,721,580. This represents a 7.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 226,128 shares of company stock valued at $61,326,372. Insiders own 11.64% of the company’s stock.

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.