Mufg Securities Americas Inc. Increases Holdings in Alphabet Inc. $GOOG

Mufg Securities Americas Inc. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 24.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 104,049 shares of the information services provider's stock after purchasing an additional 20,366 shares during the period. Alphabet accounts for 1.6% of Mufg Securities Americas Inc.'s investment portfolio, making the stock its 11th largest position. Mufg Securities Americas Inc.'s holdings in Alphabet were worth $18,457,000 as of its most recent filing with the SEC.

• MarketBeat Week in Review – 11/17 - 11/21

Several other large investors have also added to or reduced their stakes in the stock. IFS Advisors LLC lifted its holdings in shares of Alphabet by 400.0% in the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock worth $27,000 after buying an additional 120 shares in the last quarter. Robbins Farley grew its stake in Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider's stock valued at $28,000 after acquiring an additional 60 shares in the last quarter. WestEnd Advisors LLC increased its holdings in Alphabet by 58.7% during the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider's stock worth $29,000 after acquiring an additional 61 shares during the period. University of Illinois Foundation bought a new stake in Alphabet during the 2nd quarter worth approximately $31,000. Finally, Fairman Group LLC lifted its stake in Alphabet by 121.3% in the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider's stock worth $31,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Alphabet Price Performance

GOOG opened at $299.65 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $3.62 trillion, a P/E ratio of 29.55, a PEG ratio of 1.86 and a beta of 1.05. The stock has a 50-day moving average price of $262.98 and a 200-day moving average price of $213.90. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $306.89.

• A Magnificent AI Bet? Stanley Druckenmiller’s Latest Tech Moves

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.Alphabet's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 EPS. Equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio is 8.28%.

Analyst Upgrades and Downgrades

• Alphabet: Buffett's Bet on Its Next Phase of Growth

A number of research analysts have recently commented on the stock. BMO Capital Markets restated an "outperform" rating and set a $340.00 price target on shares of Alphabet in a research report on Thursday, October 30th. Sanford C. Bernstein lifted their price objective on Alphabet from $260.00 to $305.00 and gave the company an "outperform" rating in a research note on Thursday, October 30th. HSBC restated a "buy" rating and issued a $335.00 target price on shares of Alphabet in a research note on Thursday, October 30th. Rosenblatt Securities set a $279.00 price target on Alphabet in a report on Thursday, October 30th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $330.00 price objective on shares of Alphabet in a report on Thursday, October 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $324.81.

Check Out Our Latest Research Report on GOOG

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the completion of the sale, the chief executive officer directly owned 2,369,619 shares in the company, valued at $592,760,192.85. This represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the transaction, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 227,952 shares of company stock valued at $58,896,009. Insiders own 12.99% of the company's stock.

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.

See Also

• Five stocks we like better than Alphabet
• What Makes a Stock a Good Dividend Stock?
• MarketBeat Week in Review – 11/17 - 11/21
• Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
• A Magnificent AI Bet? Stanley Druckenmiller’s Latest Tech Moves
• How to Invest in the Best Canadian Stocks
• 12 Analysts Just Raised CrowdStrike Targets—Here’s What They See Coming

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Alphabet Right Now?

Before you consider Alphabet, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.

While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here