Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 95,930 shares of the information services provider’s stock after purchasing an additional 139 shares during the period. Alphabet comprises approximately 5.5% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 3rd largest holding. Westbourne Investment Advisors Inc.’s holdings in Alphabet were worth $15,910,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its position in Alphabet by 70.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider’s stock worth $15,279,000 after purchasing an additional 41,880 shares during the last quarter. Quent Capital LLC increased its stake in shares of Alphabet by 3.6% in the first quarter. Quent Capital LLC now owns 31,171 shares of the information services provider’s stock valued at $4,705,000 after buying an additional 1,072 shares during the period. Empowered Funds LLC raised its position in shares of Alphabet by 12.3% during the first quarter. Empowered Funds LLC now owns 187,840 shares of the information services provider’s stock worth $28,351,000 after acquiring an additional 20,572 shares during the last quarter. Sustainable Insight Capital Management LLC lifted its stake in shares of Alphabet by 146.4% in the first quarter. Sustainable Insight Capital Management LLC now owns 8,920 shares of the information services provider’s stock worth $1,346,000 after acquiring an additional 5,300 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in Alphabet by 2.4% in the first quarter. Illinois Municipal Retirement Fund now owns 513,406 shares of the information services provider’s stock valued at $77,488,000 after acquiring an additional 11,837 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 1.8 %

Shares of NASDAQ:GOOGL opened at $172.49 on Friday. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75. The company has a market capitalization of $2.11 trillion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03. The business has a fifty day moving average price of $165.61 and a two-hundred day moving average price of $170.13. 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:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the prior year, the business earned $1.55 earnings per share. Analysts forecast that Alphabet Inc. will post 7.99 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet’s payout ratio is currently 10.61%.

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the transaction, the director now owns 319,966 shares in the company, valued at approximately $56,765,168.06. This represents a 3.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total value of $3,772,350.00. Following the completion of the sale, the chief executive officer now owns 2,159,885 shares in the company, valued at $362,126,319.10. This represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,795 shares of company stock valued at $34,471,141. 11.55% of the stock is owned by company insiders.

Analyst Ratings Changes

GOOGL has been the subject of several analyst reports. Citigroup raised their price target on shares of Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Alphabet in a report on Wednesday, October 30th. Mizuho lifted their price objective on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Loop Capital upped their target price on Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their target price on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $205.90.

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.