Worth Financial Advisory Group LLC Buys 478 Shares of Alphabet Inc. $GOOGL

Worth Financial Advisory Group LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 16.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,432 shares of the information services provider’s stock after buying an additional 478 shares during the period. Worth Financial Advisory Group LLC’s holdings in Alphabet were worth $605,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GOOGL. James Hambro & Partners LLP increased its stake in shares of Alphabet by 3.8% during the second quarter. James Hambro & Partners LLP now owns 44,452 shares of the information services provider’s stock valued at $7,833,000 after purchasing an additional 1,628 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of Alphabet by 12.4% during the second quarter. Avior Wealth Management LLC now owns 57,595 shares of the information services provider’s stock valued at $10,150,000 after purchasing an additional 6,359 shares in the last quarter. XY Planning Network Inc. bought a new position in shares of Alphabet during the second quarter valued at approximately $455,000. BayBridge Capital Group LLC increased its stake in shares of Alphabet by 4.4% during the second quarter. BayBridge Capital Group LLC now owns 13,739 shares of the information services provider’s stock valued at $2,421,000 after purchasing an additional 579 shares in the last quarter. Finally, Virginia Wealth Management Group Inc. increased its stake in shares of Alphabet by 4.8% during the second quarter. Virginia Wealth Management Group Inc. now owns 2,200 shares of the information services provider’s stock valued at $388,000 after purchasing an additional 100 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on GOOGL shares. BNP Paribas Exane reaffirmed a “neutral” rating and set a $172.00 target price on shares of Alphabet in a research note on Friday, June 27th. Canaccord Genuity Group raised their target price on shares of Alphabet from $230.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. UBS Group raised their price target on shares of Alphabet from $192.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Westpark Capital raised their price target on shares of Alphabet from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, Robert W. Baird raised their price target on shares of Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $240.76.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $245.69 on Friday. 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 company 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 firm’s fifty day moving average is $220.21 and its two-hundred day moving average is $185.22. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $256.00.

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

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 103 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total value of $25,042.39. Following the completion of the sale, the director owned 17,284 shares of the company’s stock, valued at approximately $4,202,258.92. This represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 600 shares of the company’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 completion of the sale, the director directly owned 5,716 shares of the company’s stock, valued at $1,425,799.04. The trade was a 9.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 276,738 shares of company stock worth $59,135,475. Insiders own 11.64% 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.