Mizuho Markets Cayman LP Buys 22,151 Shares of Alphabet Inc. $GOOGL

Mizuho Markets Cayman LP lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 570.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,034 shares of the information services provider’s stock after buying an additional 22,151 shares during the period. Mizuho Markets Cayman LP’s holdings in Alphabet were worth $4,588,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GOOGL. Zhang Financial LLC boosted its stake in shares of Alphabet by 1.0% during the second quarter. Zhang Financial LLC now owns 55,177 shares of the information services provider’s stock valued at $9,724,000 after purchasing an additional 567 shares in the last quarter. New York Life Investment Management LLC boosted its position in Alphabet by 0.7% during the 2nd quarter. New York Life Investment Management LLC now owns 850,979 shares of the information services provider’s stock worth $149,968,000 after buying an additional 6,168 shares during the period. Pavion Blue Capital LLC boosted its position in Alphabet by 1.2% during the 2nd quarter. Pavion Blue Capital LLC now owns 11,093 shares of the information services provider’s stock worth $1,955,000 after buying an additional 135 shares during the period. Integral Investment Advisors Inc. grew its holdings in Alphabet by 4.5% during the 2nd quarter. Integral Investment Advisors Inc. now owns 26,670 shares of the information services provider’s stock worth $4,700,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Purkiss Capital Advisors LLC increased its position in Alphabet by 46.7% in the 2nd quarter. Purkiss Capital Advisors LLC now owns 19,030 shares of the information services provider’s stock valued at $3,354,000 after acquiring an additional 6,062 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $229.73, for a total value of $7,466,225.00. Following the completion of the sale, the chief executive officer directly owned 2,429,892 shares in the company, valued at approximately $558,219,089.16. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the sale, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 222,396 shares of company stock valued at $54,105,275 over the last ninety days. 11.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of recent research reports. Wolfe Research restated an “outperform” rating and issued a $350.00 price objective (up from $290.00) on shares of Alphabet in a report on Thursday, October 30th. Hsbc Global Res raised Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Oppenheimer increased their price target on Alphabet from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Truist Financial raised their price objective on Alphabet from $285.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Cantor Fitzgerald lifted their price objective on Alphabet from $265.00 to $310.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $304.10.

Alphabet Trading Down 2.1%

NASDAQ GOOGL opened at $278.83 on Friday. The stock has a market capitalization of $3.37 trillion, a P/E ratio of 27.50, a P/E/G ratio of 1.86 and a beta of 1.05. The business has a 50 day simple moving average of $251.23 and a 200 day simple moving average of $204.56. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a one year low of $140.53 and a one year high of $291.59.

Alphabet (NASDAQ:GOOGL) last issued its quarterly 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 for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

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.