26,986 Shares in Alphabet Inc. $GOOG Acquired by Nightview Capital LLC

Nightview Capital LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) during the 3rd quarter, Holdings Channel.com reports. The fund bought 26,986 shares of the information services provider’s stock, valued at approximately $6,572,000. Alphabet comprises approximately 3.0% of Nightview Capital LLC’s investment portfolio, making the stock its 8th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC raised its stake in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Ignite Planners LLC grew its holdings in Alphabet by 1.0% in the second quarter. Ignite Planners LLC now owns 14,506 shares of the information services provider’s stock worth $2,697,000 after purchasing an additional 144 shares during the last quarter. Antonelli Financial Advisors LLC grew its holdings in Alphabet by 1.9% in the second quarter. Antonelli Financial Advisors LLC now owns 19,157 shares of the information services provider’s stock worth $3,398,000 after purchasing an additional 350 shares during the last quarter. L. Roy Papp & Associates LLP increased its position in shares of Alphabet by 1.4% during the second quarter. L. Roy Papp & Associates LLP now owns 174,856 shares of the information services provider’s stock worth $31,018,000 after purchasing an additional 2,396 shares in the last quarter. Finally, Cascade Investment Group Inc. lifted its holdings in shares of Alphabet by 3.1% during the 2nd quarter. Cascade Investment Group Inc. now owns 7,646 shares of the information services provider’s stock valued at $1,356,000 after purchasing an additional 229 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Down 1.8%

Alphabet stock opened at $318.63 on Wednesday. The stock has a 50-day moving average price of $322.56 and a 200 day moving average price of $273.75. The company has a market capitalization of $3.84 trillion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $350.15. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.23. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. During the same quarter in the prior year, the company earned $2.15 EPS. Alphabet’s quarterly revenue was up 18.0% on a year-over-year basis. Sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s dividend payout ratio is presently 7.77%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Insider Activity at Alphabet

In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 933 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $336.55, for a total value of $314,001.15. Following the completion of the sale, the chief accounting officer owned 9,916 shares in the company, valued at $3,337,229.80. The trade was a 8.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,070,464 shares of company stock worth $106,153,077 in the last three months. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. DA Davidson set a $300.00 target price on Alphabet in a research note on Tuesday, November 25th. UBS Group reissued a “neutral” rating on shares of Alphabet in a report on Thursday, October 30th. Scotiabank restated an “outperform” rating and set a $400.00 price objective (up previously from $375.00) on shares of Alphabet in a report on Thursday, February 5th. Barclays increased their price objective on shares of Alphabet from $250.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, TD Cowen reissued a “buy” rating and set a $365.00 target price (up previously from $355.00) on shares of Alphabet in a research report on Thursday, February 5th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $343.47.

View Our Latest Report on GOOG

Alphabet Company Profile

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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