Hill Island Financial LLC Boosts Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Hill Island Financial LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,456 shares of the information services provider’s stock after purchasing an additional 206 shares during the quarter. Hill Island Financial LLC’s holdings in Alphabet were worth $447,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sargent Investment Group LLC raised its position in shares of Alphabet by 13.5% in the 2nd quarter. Sargent Investment Group LLC now owns 37,818 shares of the information services provider’s stock valued at $6,889,000 after purchasing an additional 4,508 shares during the last quarter. DHK Financial Advisors Inc. acquired a new position in Alphabet during the 2nd quarter valued at approximately $521,000. Capstone Wealth Management Group LLC increased its stake in Alphabet by 44.9% during the 2nd quarter. Capstone Wealth Management Group LLC now owns 12,569 shares of the information services provider’s stock valued at $2,289,000 after purchasing an additional 3,895 shares in the last quarter. Alpha Financial Partners LLC purchased a new position in shares of Alphabet in the second quarter worth $204,000. Finally, GDS Wealth Management lifted its stake in shares of Alphabet by 4.1% during the second quarter. GDS Wealth Management now owns 110,702 shares of the information services provider’s stock worth $20,164,000 after buying an additional 4,318 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 1.2 %

Shares of Alphabet stock opened at $165.85 on Tuesday. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.21 and a beta of 1.04. The stock has a 50 day moving average of $162.52 and a 200 day moving average of $166.84.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The company had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter in the prior year, the company posted $1.44 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 7.63 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet’s payout ratio is presently 12.27%.

Insider Activity at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,725 shares of company stock worth $31,933,031. 11.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GOOGL. Mizuho raised their target price on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and issued a $200.00 price objective on shares of Alphabet in a research note on Wednesday, September 25th. Roth Mkm reiterated a “buy” rating and issued a $206.00 target price on shares of Alphabet in a research report on Thursday, August 29th. TD Securities raised their price target on shares of Alphabet from $200.00 to $220.00 in a research report on Wednesday, July 10th. Finally, BMO Capital Markets restated an “outperform” rating and set a $222.00 price objective on shares of Alphabet in a research note on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $201.35.

About Alphabet

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.