Core Insights - Alphabet's stock has seen significant institutional interest, with various investors increasing their holdings in the second quarter of the year [1][7] - The company's recent earnings report showed strong performance, exceeding revenue expectations and reporting a higher EPS than analysts predicted [3] - Alphabet announced a quarterly dividend, reflecting its commitment to returning value to shareholders [4] Institutional Holdings - Gimbal Financial increased its holdings by 1.9%, now owning 2,776 shares valued at $489,000 after purchasing 53 additional shares [1] - Missouri Trust & Investment Co raised its position by 0.3%, owning 16,916 shares worth $2,981,000 after buying 55 shares [1] - Silver Coast Investments LLC lifted its stake by 1.3%, now holding 4,317 shares valued at $761,000 after an additional purchase of 55 shares [1] - AM Investment Strategies LLC increased its stake by 0.9%, owning 6,477 shares worth $1,141,000 after buying 57 shares [1] - Bfsg LLC boosted its holdings by 0.6%, now owning 10,428 shares valued at $1,838,000 after purchasing 59 shares [1] - Institutional investors currently own 40.03% of Alphabet's stock [1] Stock Performance - Alphabet's stock opened at $320.02, with a market cap of $3.86 trillion and a PE ratio of 31.56 [2] - The stock has a 1-year low of $140.53 and a high of $328.83, with a 50-day simple moving average of $269.25 and a 200-day average of $218.76 [2] Earnings Report - Alphabet reported an EPS of $2.87 for the quarter, surpassing the consensus estimate of $2.29 by $0.58 [3] - The company achieved a revenue of $102.35 billion, exceeding analysts' expectations of $99.90 billion [3] - The return on equity was reported at 36.08%, with a net margin of 32.23% [3] Dividend Announcement - Alphabet announced a quarterly dividend of $0.21 per share, to be paid on December 15th [4] - The annualized dividend amounts to $0.84, resulting in a dividend yield of 0.3% [4] - The ex-dividend date is set for December 8th, with a payout ratio of 8.28% [4] Insider Transactions - Director John L. Hennessy sold 600 shares at an average price of $280.06, totaling $168,036, resulting in an 11.73% decrease in his position [5] - Director Frances Arnold sold 112 shares at an average price of $291.80, totaling $32,681.60, leading to a 0.62% decrease in her ownership [5] - In the last three months, insiders sold 225,072 shares worth $58,074,027, with insiders owning 11.64% of the company's stock [5] Analyst Ratings - BNP Paribas Exane initiated coverage with an "outperform" rating and a target price of $355.00 [8] - Deutsche Bank raised its price objective on Alphabet, reflecting positive sentiment among analysts [8] - The consensus rating for Alphabet is "Moderate Buy," with a target price of $307.84 [8]