Alphabet Inc. $GOOGL Shares Bought by MRP Capital Investments LLC

MRP Capital Investments LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 59.9% during the second quarter, Holdings Channel.com reports. The firm owned 8,860 shares of the information services provider’s stock after acquiring an additional 3,320 shares during the period. Alphabet accounts for approximately 1.1% of MRP Capital Investments LLC’s holdings, making the stock its 24th largest position. MRP Capital Investments LLC’s holdings in Alphabet were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on GOOGL shares. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. Barclays restated an “overweight” rating and issued a $315.00 price objective (up previously from $250.00) on shares of Alphabet in a research note on Thursday, October 30th. Arete Research raised their price objective on Alphabet from $300.00 to $380.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Roth Capital boosted their target price on Alphabet from $210.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Wells Fargo & Company upped their target price on Alphabet from $236.00 to $268.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $314.22.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 954 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $317.00, for a total transaction of $302,418.00. Following the sale, the chief accounting officer owned 11,740 shares of the company’s stock, valued at $3,721,580. This trade represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $319.50, for a total value of $10,383,750.00. Following the sale, the chief executive officer owned 2,272,119 shares of the company’s stock, valued at approximately $725,942,020.50. This represents a 1.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 222,750 shares of company stock worth $60,496,098 over the last ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Trading Down 1.0%

NASDAQ:GOOGL opened at $309.29 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $328.83. The stock has a fifty day moving average price of $283.14 and a two-hundred day moving average price of $229.97. The stock has a market capitalization of $3.73 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 1.79 and a beta of 1.07.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is 8.28%.

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.