Alphabet Inc. $GOOGL Shares Acquired by Triglav Investments D.O.O.

Triglav Investments D.O.O. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 229,671 shares of the information services provider’s stock after buying an additional 4,648 shares during the quarter. Alphabet comprises 4.6% of Triglav Investments D.O.O.’s holdings, making the stock its 5th biggest position. Triglav Investments D.O.O.’s holdings in Alphabet were worth $66,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the fourth quarter worth approximately $32,000. EMC Capital Management bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $33,000. PMV Capital Advisers LLC acquired a new stake in Alphabet during the fourth quarter worth approximately $38,000. IFC & Insurance Marketing Inc. acquired a new stake in Alphabet during the fourth quarter worth approximately $38,000. Finally, Bard Associates Inc. bought a new position in Alphabet during the 4th quarter worth $52,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $342.09 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a fifty-two week low of $187.82 and a fifty-two week high of $408.61. The company has a 50 day simple moving average of $366.14 and a two-hundred day simple moving average of $338.86. The company has a market capitalization of $4.14 trillion, a PE ratio of 26.09, a P/E/G ratio of 1.44 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.64 by $6.47. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Research analysts anticipate that Alphabet Inc. will post 14.34 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio is currently 6.71%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GOOGL shares. BNP Paribas Exane upped their target price on Alphabet from $390.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $438.00 price objective (up from $416.00) on shares of Alphabet in a research report on Tuesday. Barclays reissued a “buy” rating on shares of Alphabet in a report on Friday, May 29th. Arete Research boosted their target price on shares of Alphabet from $405.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Citigroup reiterated an “outperform” rating on shares of Alphabet in a research report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $414.54.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet beat Q2 earnings and revenue estimates by a wide margin, signaling strong underlying business momentum. Alphabet (GOOGL) Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Google Cloud’s 82% growth suggests Alphabet’s AI spending is translating into faster cloud demand and improving monetization. Google quarterly cloud revenue growth beats expectations
• Positive Sentiment: YouTube ad revenue growth and strength across search and advertising add evidence that core businesses are still healthy. YouTube Ad Revenue Rises 13% In Q2 To Surpass $11 Billion, Helping To Drive Strong Report By Parent Alphabet

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $341.72, for a total value of $153,432.28. Following the completion of the sale, the chief accounting officer owned 27,348 shares in the company, valued at $9,345,358.56. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the transaction, the director directly owned 18,833 shares in the company, valued at $6,615,656.24. The trade was a 0.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,415 shares of company stock valued at $7,672,279 in the last three months. Insiders own 11.61% of the company’s stock.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.