SWS Partners Buys 14,573 Shares of Alphabet Inc. $GOOGL

SWS Partners increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 100.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,123 shares of the information services provider’s stock after buying an additional 14,573 shares during the quarter. Alphabet accounts for 1.4% of SWS Partners’ portfolio, making the stock its 15th biggest holding. SWS Partners’ holdings in Alphabet were worth $5,132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Brighton Jones LLC boosted its stake in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after buying an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after purchasing an additional 506 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Alphabet by 0.8% in the 1st quarter. Rhumbline Advisers now owns 11,267,743 shares of the information services provider’s stock worth $1,742,444,000 after purchasing an additional 86,670 shares during the last quarter. MKT Advisors LLC increased its position in shares of Alphabet by 2.6% during the 1st quarter. MKT Advisors LLC now owns 7,589 shares of the information services provider’s stock worth $1,114,000 after purchasing an additional 195 shares in the last quarter. Finally, Sandbox Financial Partners LLC lifted its holdings in Alphabet by 0.5% during the 1st quarter. Sandbox Financial Partners LLC now owns 16,160 shares of the information services provider’s stock valued at $2,499,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total value of $7,910,825.00. Following the completion of the sale, the chief executive officer owned 2,402,119 shares in the company, valued at approximately $584,699,785.79. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 17,816 shares of the stock in a transaction dated Monday, September 29th. The shares were 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 directly owned 42,985 shares in the company, valued at $10,635,348.70. The trade was a 29.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 276,738 shares of company stock valued at $59,135,475 over the last quarter. 11.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GOOGL shares. Citizens Jmp upped their price objective on shares of Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Phillip Securities lowered Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, September 8th. Piper Sandler raised their price target on Alphabet from $220.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Sanford C. Bernstein boosted their price objective on Alphabet from $185.00 to $195.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 22nd. Finally, BNP Paribas Exane restated a “neutral” rating and set a $172.00 target price on shares of Alphabet in a report on Friday, June 27th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $240.76.

Alphabet Stock Down 0.1%

Shares of NASDAQ:GOOGL opened at $245.35 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $2.97 trillion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.66 and a beta of 1.00. The company has a 50 day moving average of $221.25 and a 200-day moving average of $185.96. Alphabet Inc. has a one year low of $140.53 and a one year high of $256.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $93.60 billion. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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