Excalibur Management Corp Buys 1,059 Shares of Alphabet Inc. $GOOGL

Excalibur Management Corp raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,521 shares of the information services provider’s stock after buying an additional 1,059 shares during the period. Alphabet makes up about 1.3% of Excalibur Management Corp’s investment portfolio, making the stock its 17th biggest position. Excalibur Management Corp’s holdings in Alphabet were worth $3,440,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GOOGL. Guardian Wealth Management Inc. increased its holdings in Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after purchasing an additional 119 shares during the period. IMA Advisory Services Inc. bought a new position in shares of Alphabet during the 1st quarter worth $28,000. NBZ Investment Advisors LLC increased its stake in shares of Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after buying an additional 90 shares during the period. CarsonAllaria Wealth Management Ltd. increased its stake in shares of Alphabet by 36.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after buying an additional 67 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Alphabet in the first quarter valued at about $50,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $291.80, for a total transaction of $32,681.60. Following the completion of the sale, the director directly owned 18,004 shares in the company, valued at approximately $5,253,567.20. The trade was a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 954 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $282.33, for a total transaction of $269,342.82. Following the sale, the chief accounting officer directly owned 14,517 shares in the company, valued at $4,098,584.61. This trade represents a 6.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 189,896 shares of company stock valued at $47,653,637 over the last 90 days. Company insiders own 11.64% of the company’s stock.

Alphabet Stock Down 0.3%

Alphabet stock opened at $284.28 on Wednesday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $293.95. The business has a fifty day moving average price of $259.16 and a 200-day moving average price of $211.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $3.43 trillion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.86 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. Equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wedbush reissued an “outperform” rating and set a $320.00 target price (up previously from $245.00) on shares of Alphabet in a research report on Thursday, October 30th. Rosenblatt Securities lifted their price objective on shares of Alphabet from $224.00 to $279.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. BMO Capital Markets set a $294.00 target price on Alphabet and gave the stock an “outperform” rating in a report on Thursday, October 9th. The Goldman Sachs Group increased their target price on Alphabet from $288.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, CIBC boosted their price target on Alphabet to $315.00 in a research report on Monday, October 20th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $305.33.

Alphabet Company 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.