GSA Capital Partners LLP Buys 19,866 Shares of Alphabet Inc. (NASDAQ:GOOGL)

GSA Capital Partners LLP raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 128.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 35,356 shares of the information services provider’s stock after acquiring an additional 19,866 shares during the quarter. Alphabet accounts for about 0.4% of GSA Capital Partners LLP’s portfolio, making the stock its 3rd largest position. GSA Capital Partners LLP’s holdings in Alphabet were worth $5,864,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Waverton Investment Management Ltd increased its holdings in shares of Alphabet by 11.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 1,927,652 shares of the information services provider’s stock valued at $319,817,000 after acquiring an additional 190,805 shares during the last quarter. Harbour Investments Inc. boosted its position in Alphabet by 2.0% during the 3rd quarter. Harbour Investments Inc. now owns 53,930 shares of the information services provider’s stock worth $8,944,000 after acquiring an additional 1,079 shares during the period. Apollon Wealth Management LLC increased its stake in Alphabet by 3.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 186,885 shares of the information services provider’s stock valued at $30,995,000 after buying an additional 7,027 shares during the period. Keystone Financial Services raised its holdings in Alphabet by 9.1% during the third quarter. Keystone Financial Services now owns 2,526 shares of the information services provider’s stock worth $419,000 after purchasing an additional 210 shares in the last quarter. Finally, Vestia Personal Wealth Advisors lifted its holdings in shares of Alphabet by 10.8% in the third quarter. Vestia Personal Wealth Advisors now owns 1,775 shares of the information services provider’s stock valued at $294,000 after buying an additional 173 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Alphabet stock opened at $167.65 on Tuesday. Alphabet Inc. has a 12-month low of $127.90 and a 12-month high of $191.75. The stock has a 50-day simple moving average of $167.83 and a 200 day simple moving average of $170.34. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.17 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the previous year, the company posted $1.55 EPS. On average, research analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.48%. Alphabet’s dividend payout ratio is currently 10.61%.

Wall Street Analyst Weigh In

Several research firms have issued reports on GOOGL. Cantor Fitzgerald restated a “neutral” rating and issued a $190.00 price target on shares of Alphabet in a research report on Wednesday, October 30th. Evercore ISI upped their price objective on shares of Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group reduced their price target on Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a report on Monday, October 14th. KeyCorp increased their price target on shares of Alphabet from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Tigress Financial raised their price objective on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $205.90.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total value of $3,975,075.00. Following the completion of the transaction, the chief executive officer now directly owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. The trade was a 1.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the sale, the director now directly owns 330,466 shares of the company’s stock, valued at $59,741,643.48. This represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,795 shares of company stock worth $34,673,866. Company insiders own 11.55% of the company’s stock.

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.