Eubel Brady & Suttman Asset Management Inc. Acquires 32,410 Shares of Alphabet Inc. $GOOGL

Eubel Brady & Suttman Asset Management Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 39.9% during the second quarter, Holdings Channel.com reports. The firm owned 113,607 shares of the information services provider’s stock after acquiring an additional 32,410 shares during the quarter. Alphabet accounts for 2.5% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 18th largest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in Alphabet were worth $20,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings 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 worth $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after buying an additional 506 shares during the period. Smart Money Group LLC boosted its position in Alphabet by 9.4% during the 1st quarter. Smart Money Group LLC now owns 6,181 shares of the information services provider’s stock valued at $956,000 after buying an additional 532 shares during the period. Olistico Wealth LLC grew its holdings in Alphabet by 19.3% in the 1st quarter. Olistico Wealth LLC now owns 10,710 shares of the information services provider’s stock worth $1,656,000 after acquiring an additional 1,729 shares during the last quarter. Finally, Vickerman Investment Advisors Inc. increased its position in shares of Alphabet by 10.8% in the first quarter. Vickerman Investment Advisors Inc. now owns 31,370 shares of the information services provider’s stock valued at $4,851,000 after acquiring an additional 3,049 shares during the period. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Alphabet from $260.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Needham & Company LLC lifted their price objective on Alphabet from $260.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Royal Bank Of Canada reissued a “buy” rating on shares of Alphabet in a research note on Thursday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $320.00 price target (up previously from $245.00) on shares of Alphabet in a research note on Thursday, October 30th. Finally, BNP Paribas Exane lifted their price target on shares of Alphabet from $247.00 to $281.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $304.10.

Alphabet Price Performance

Shares of GOOGL opened at $278.83 on Monday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $291.59. The firm’s 50-day simple moving average is $251.23 and its two-hundred day simple moving average is $204.90. The stock has a market cap of $3.37 trillion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.58. The firm 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%. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio is currently 8.28%.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $229.73, for a total value of $7,466,225.00. Following the completion of the transaction, the chief executive officer owned 2,429,892 shares of the company’s stock, valued at $558,219,089.16. The trade was a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 17,816 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the sale, the insider directly owned 42,985 shares in the company, valued at $10,635,348.70. This trade represents a 29.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 222,396 shares of company stock worth $54,105,275 over the last three months. 11.64% of the stock is currently owned by corporate insiders.

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.