Meixler Investment Management Ltd. Has $517,000 Stock Holdings in Alphabet Inc. $GOOGL

Meixler Investment Management Ltd. reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 20.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,933 shares of the information services provider’s stock after selling 760 shares during the quarter. Meixler Investment Management Ltd.’s holdings in Alphabet were worth $517,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GOOGL. Brighton Jones LLC boosted its position in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after acquiring an additional 4,110 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after purchasing an additional 506 shares in the last quarter. Smart Money Group LLC boosted its holdings in Alphabet by 9.4% in the first quarter. Smart Money Group LLC now owns 6,181 shares of the information services provider’s stock valued at $956,000 after acquiring an additional 532 shares during the last quarter. Main Street Research LLC lifted its holdings in Alphabet by 2.2% in the first quarter. Main Street Research LLC now owns 287,165 shares of the information services provider’s stock valued at $44,407,000 after buying an additional 6,127 shares during the period. Finally, Leavell Investment Management Inc. grew its stake in Alphabet by 8.3% during the first quarter. Leavell Investment Management Inc. now owns 40,271 shares of the information services provider’s stock worth $6,228,000 after purchasing an additional 3,085 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Down 2.8%

Shares of Alphabet stock opened at $278.57 on Friday. The company has a 50-day simple moving average of $256.42 and a two-hundred day simple moving average of $207.79. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $292.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $3.36 trillion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. On average, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent research reports. Moffett Nathanson raised their price target on shares of Alphabet from $295.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Cantor Fitzgerald raised their price objective on shares of Alphabet from $265.00 to $310.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. CICC Research raised their target price on shares of Alphabet from $240.00 to $303.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Wolfe Research reaffirmed an “outperform” rating and issued a $350.00 target price (up previously from $290.00) on shares of Alphabet in a research note on Thursday, October 30th. Finally, Mizuho set a $325.00 target price on shares of Alphabet in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $304.10.

Insider Activity

In related news, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $291.80, for a total value of $32,681.60. Following the completion of the sale, the director directly owned 18,004 shares in the company, valued at $5,253,567.20. This trade represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $283.48, for a total value of $9,213,100.00. Following the sale, the chief executive officer owned 2,337,119 shares of the company’s stock, valued at approximately $662,526,494.12. This trade represents a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 221,796 shares of company stock worth $53,983,001. 11.55% of the stock is currently owned by insiders.

Alphabet 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.