203 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Greykasell Wealth Strategies Inc.

Greykasell Wealth Strategies Inc. acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 203 shares of the information services provider’s stock, valued at approximately $32,000.

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Alphabet by 18,562.3% during the 1st quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider’s stock valued at $2,237,733,000 after purchasing an additional 14,246,573 shares during the period. Vanguard Group Inc. raised its position in Alphabet by 2.4% during the first quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider’s stock valued at $64,299,725,000 after buying an additional 9,687,855 shares during the period. Northern Trust Corp lifted its stake in Alphabet by 16.1% in the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider’s stock worth $10,873,751,000 after acquiring an additional 7,917,625 shares in the last quarter. Capital International Investors boosted its position in Alphabet by 6.7% during the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider’s stock worth $17,376,706,000 after acquiring an additional 5,758,244 shares during the period. Finally, Sanders Capital LLC grew its stake in Alphabet by 14.5% during the 4th quarter. Sanders Capital LLC now owns 33,504,543 shares of the information services provider’s stock valued at $6,380,605,000 after acquiring an additional 4,247,379 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 400 shares of Alphabet stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $181.98, for a total transaction of $72,792.00. Following the sale, the director directly owned 6,013 shares in the company, valued at approximately $1,094,245.74. The trade was a 6.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $196.23, for a total transaction of $6,377,475.00. Following the completion of the sale, the chief executive officer directly owned 2,494,892 shares in the company, valued at approximately $489,572,657.16. The trade was a 1.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 273,219 shares of company stock worth $49,474,273 over the last quarter. 12.99% of the stock is owned by company insiders.

Alphabet Trading Up 0.8%

Shares of Alphabet stock opened at $196.92 on Thursday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The company’s fifty day simple moving average is $180.79 and its 200-day simple moving average is $174.68. The company has a market cap of $2.38 trillion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.30 and a beta of 1.02. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.19. The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted $1.89 EPS. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.95%.

Wall Street Analyst Weigh In

GOOG has been the subject of several research reports. Wells Fargo & Company restated an “equal weight” rating on shares of Alphabet in a report on Wednesday, July 9th. BNP Paribas cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 26th. Roth Capital reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Scotiabank boosted their target price on Alphabet from $200.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 22nd. Finally, Barclays reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, July 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.19.

About Alphabet

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.