Asset Management Group Inc. increases its position in Alphabet Inc. (NASDAQ:GOOGL)

Asset Management Group Inc. raised its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 13.4% in the second quarter, Holdings Channel reports. The fund owned 12,670 shares of the information services provider’s stock after acquiring an additional 1,499 shares during the quarter. Asset Management Group Inc Holdings in Alphabet were worth $2,308,000 as of its most recent SEC filing.

Other hedge funds have recently modified their positions in the company. Christopher J. Hasenberg Inc raised its stake in shares of Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after purchasing an additional 60 shares in the last quarter. Kings Path Partners LLC bought a new position in Alphabet in the second quarter valued at about $36,000. Tributary Capital Management LLC purchased a new stake in Alphabet in the first quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Alphabet in the fourth quarter valued at approximately $30,000. Finally, Denver PWM LLC purchased a new stake in shares of Alphabet in the second quarter valued at about $41,000. 40.03% of shares are currently owned by institutional investors.

Insider buying and selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the sale, the chief accounting officer now directly owns 31,334 shares in the company, valued at approximately $5,264,112. The transaction represented a decrease of 0.00 % in the stock holding. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This trade represents a decrease of 0.00 % in the stock holding. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $167.07, for a total transaction of $3,759,075.00. Following the sale, the chief executive officer now directly owns 2,129,306 shares in the company, valued at approximately $355,743,153.42. The trade was a 0.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 217,592 shares of company stock worth $35,922,911. Insiders own 11.55% of the company’s shares.

Alphabet stock performance

NASDAQ:GOOGL opened at $167.06 on Friday. The stock has a 50-day moving average price of $162.06 and a 200-day moving average price of $167.14. The stock has a market cap of $2.06 trillion, a P/E ratio of 25.62, a P/E/G ratio of 1.21 and a beta of 1.04. Alphabet Inc. it has a 12-month low of $120.21 and a 12-month high of $191.75. The company has a current ratio of 2.08, a quick ratio of 2.08, and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL – Get Free Report ) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same period last year, the firm posted EPS of $1.44. Equity research analysts forecast that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabet announces dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 9. This represents an annualized dividend of $0.80 and a yield of 0.48%. Alphabet’s payout ratio is 12.27%.

The Wall Street analyst weighs in

Several equities analysts recently issued reports on GOOGL shares. Evercore ISI cut their price objective on Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Citigroup boosted their price objective on Alphabet from $190.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Guggenheim upped their target price on Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Friday, August 30th. Finally, JMP Securities reissued a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $201.14.

Read the latest stock report on GOOGL

Profile of the alphabet

(Free report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It works through Google services, Google Cloud and other betting segments. The Google Services segment offers products and services including Ads, Android, Chrome, Devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.

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Want to see what other hedge funds own GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Alphabet Inc. (NASDAQ:GOOGL – Free Report).

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