DJE Kapital AG Boosts Stake in Alphabet Inc. $GOOG

DJE Kapital AG increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 18.0% during the second quarter, HoldingsChannel reports. The fund owned 305,344 shares of the information services provider’s stock after buying an additional 46,532 shares during the period. Alphabet comprises approximately 1.3% of DJE Kapital AG’s investment portfolio, making the stock its 27th biggest holding. DJE Kapital AG’s holdings in Alphabet were worth $54,235,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GOOG. RDA Financial Network increased its stake in shares of Alphabet by 5.3% in the second quarter. RDA Financial Network now owns 11,094 shares of the information services provider’s stock worth $1,968,000 after acquiring an additional 554 shares during the last quarter. Bleakley Financial Group LLC grew its stake in Alphabet by 1.4% in the second quarter. Bleakley Financial Group LLC now owns 170,020 shares of the information services provider’s stock valued at $30,160,000 after purchasing an additional 2,304 shares in the last quarter. Oldfather Financial Services LLC acquired a new position in Alphabet in the 2nd quarter worth about $213,000. Tower View Wealth Management LLC raised its stake in shares of Alphabet by 6.9% during the 2nd quarter. Tower View Wealth Management LLC now owns 27,644 shares of the information services provider’s stock worth $4,904,000 after purchasing an additional 1,776 shares in the last quarter. Finally, Dock Street Asset Management Inc. lifted its holdings in shares of Alphabet by 0.8% during the 2nd quarter. Dock Street Asset Management Inc. now owns 234,306 shares of the information services provider’s stock valued at $41,563,000 after buying an additional 1,970 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $279.70 on Monday. The company has a market cap of $3.38 trillion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.86 and a beta of 1.05. The business has a 50 day moving average price of $251.81 and a 200 day moving average price of $205.83. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $291.93.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. During the same period in the previous year, the business posted $2.12 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

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 paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s dividend payout ratio is presently 8.28%.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $242.92, for a total value of $145,752.00. Following the sale, the director directly owned 5,116 shares in the company, valued at $1,242,778.72. This trade represents a 10.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 954 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $282.33, for a total transaction of $269,342.82. Following the transaction, the chief accounting officer owned 14,517 shares in the company, valued at approximately $4,098,584.61. The trade was a 6.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 222,396 shares of company stock worth $54,105,275. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of research reports. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, September 8th. Rosenblatt Securities set a $279.00 target price on shares of Alphabet in a research report on Thursday, October 30th. DA Davidson set a $825.00 price target on shares of Alphabet in a research note on Monday, October 27th. Jefferies Financial Group raised their price target on shares of Alphabet from $285.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Cantor Fitzgerald set a $310.00 price objective on shares of Alphabet and gave the stock a “neutral” rating in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.81.

Alphabet 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.