Mirabella Financial Services LLP Has $23.70 Million Position in Alphabet Inc. $GOOGL

Mirabella Financial Services LLP lifted its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 110.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 97,678 shares of the information services provider’s stock after buying an additional 51,319 shares during the period. Alphabet comprises approximately 2.0% of Mirabella Financial Services LLP’s portfolio, making the stock its 8th biggest holding. Mirabella Financial Services LLP’s holdings in Alphabet were worth $23,702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock worth $91,033,300,000 after purchasing an additional 6,733,278 shares during the period. State Street Corp raised its position in shares of Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock valued at $40,524,841,000 after buying an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Alphabet by 3.1% in the second quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider’s stock valued at $24,857,017,000 after buying an additional 4,224,497 shares during the period. Norges Bank acquired a new stake in Alphabet during the second quarter worth about $21,944,208,000. Finally, Capital World Investors grew its position in Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after buying an additional 11,605,785 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 2.0%

Shares of NASDAQ GOOGL opened at $301.00 on Friday. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The business has a fifty day moving average of $317.62 and a two-hundred day moving average of $292.57. The stock has a market cap of $3.64 trillion, a PE ratio of 27.84, a PEG ratio of 1.80 and a beta of 1.10.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. The business had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were 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 of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio is currently 7.77%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 955 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares of the company’s stock, valued at $2,955,564. The trade was a 8.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 112 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the sale, the director owned 18,418 shares in the company, valued at approximately $5,580,469.82. This trade represents a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,110,165 shares of company stock valued at $118,134,117. Insiders own 11.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. HSBC upped their price target on Alphabet from $335.00 to $370.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Daiwa Securities Group lifted their price objective on Alphabet from $333.00 to $380.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Arete Research boosted their price objective on Alphabet from $380.00 to $405.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Tigress Financial set a $415.00 target price on Alphabet and gave the stock a “strong-buy” rating in a research report on Thursday, February 19th. Finally, UBS Group set a $348.00 price target on shares of Alphabet and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $367.18.

Get Our Latest Research Report on GOOGL

About Alphabet

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

Read More

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.