Alphabet Inc. $GOOGL Shares Purchased by Consolidated Capital Management LLC

Consolidated Capital Management LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 40,643 shares of the information services provider’s stock after acquiring an additional 1,210 shares during the period. Alphabet makes up about 2.6% of Consolidated Capital Management LLC’s holdings, making the stock its 17th largest holding. Consolidated Capital Management LLC’s holdings in Alphabet were worth $7,163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guardian Wealth Management Inc. boosted its position in shares of Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after purchasing an additional 119 shares during the period. von Borstel & Associates Inc. acquired a new position in Alphabet during the first quarter worth $28,000. IMA Advisory Services Inc. purchased a new position in shares of Alphabet during the first quarter worth $28,000. NBZ Investment Advisors LLC boosted its position in shares of Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after buying an additional 90 shares during the period. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Alphabet in the first quarter valued at $39,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 17,816 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $249.44, for a total transaction of $149,664.00. Following the sale, the director owned 5,716 shares of the company’s stock, valued at $1,425,799.04. This represents a 9.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 276,738 shares of company stock worth $59,135,475. 11.64% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on GOOGL shares. Cantor Fitzgerald reissued a “neutral” rating and set a $201.00 target price on shares of Alphabet in a research note on Wednesday, September 24th. Robert W. Baird increased their price target on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, September 3rd. Morgan Stanley set a $270.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a research note on Thursday. Finally, KeyCorp raised their price target on shares of Alphabet from $230.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $240.76.

Alphabet Trading Up 0.3%

NASDAQ:GOOGL opened at $245.69 on Friday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $256.00. The stock has a market cap of $2.97 trillion, a P/E ratio of 26.17, a P/E/G ratio of 1.65 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a 50-day simple moving average of $220.21 and a 200-day simple moving average of $185.22.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.16. The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. As a group, analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 8th. Alphabet’s payout ratio is currently 8.95%.

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.