Northwest Wealth Management LLC Has $645,000 Holdings in Alphabet Inc. $GOOGL

Northwest Wealth Management LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 22.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,659 shares of the information services provider’s stock after acquiring an additional 659 shares during the period. Northwest Wealth Management LLC’s holdings in Alphabet were worth $645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Raleigh Capital Management Inc. boosted its stake in shares of Alphabet by 27.7% in the 2nd quarter. Raleigh Capital Management Inc. now owns 15,816 shares of the information services provider’s stock valued at $2,787,000 after purchasing an additional 3,430 shares in the last quarter. LexAurum Advisors LLC increased its position in Alphabet by 1.6% during the 2nd quarter. LexAurum Advisors LLC now owns 9,539 shares of the information services provider’s stock worth $1,681,000 after purchasing an additional 152 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Alphabet by 0.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,846,349 shares of the information services provider’s stock valued at $325,382,000 after purchasing an additional 10,906 shares during the last quarter. Venture Visionary Partners LLC boosted its position in Alphabet by 9.4% in the second quarter. Venture Visionary Partners LLC now owns 264,342 shares of the information services provider’s stock valued at $46,585,000 after buying an additional 22,802 shares in the last quarter. Finally, Smith Anglin Financial LLC grew its stake in shares of Alphabet by 17.8% during the second quarter. Smith Anglin Financial LLC now owns 8,790 shares of the information services provider’s stock worth $1,549,000 after buying an additional 1,326 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total transaction of $5,992,350.00. Following the transaction, the chief executive officer owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares in the company, valued at $8,371,905.30. This trade represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 276,738 shares of company stock valued at $59,135,475 over the last ninety days. 11.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Guggenheim upped their price target on shares of Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Melius Research upped their target price on Alphabet from $220.00 to $255.00 in a report on Thursday, September 25th. Citizens Jmp lifted their price target on Alphabet from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Phillip Securities cut Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, September 8th. Finally, Wolfe Research raised their price objective on shares of Alphabet from $220.00 to $290.00 in a report on Tuesday, September 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $240.76.

Alphabet Stock Down 0.1%

Shares of NASDAQ GOOGL opened at $245.35 on Monday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a market cap of $2.97 trillion, a PE ratio of 26.13, a P/E/G ratio of 1.66 and a beta of 1.00. The company’s fifty day simple moving average is $221.25 and its 200 day simple moving average is $186.12. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $256.00.

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

Alphabet Dividend Announcement

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

About Alphabet

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.