JSF Financial LLC Raises Stock Position in Alphabet Inc. $GOOGL

JSF Financial LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,602 shares of the information services provider’s stock after acquiring an additional 65 shares during the quarter. Alphabet makes up approximately 0.8% of JSF Financial LLC’s holdings, making the stock its 21st biggest holding. JSF Financial LLC’s holdings in Alphabet were worth $3,278,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Guardian Wealth Management Inc. increased its holdings in Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock valued at $26,000 after buying an additional 119 shares during the period. von Borstel & Associates Inc. purchased a new position in shares of Alphabet in the 1st quarter valued at $28,000. IMA Advisory Services Inc. purchased a new position in shares of Alphabet in the 1st quarter valued at $28,000. NBZ Investment Advisors LLC increased its holdings in shares of Alphabet by 85.7% in the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 90 shares during the period. Finally, Financial Gravity Asset Management Inc. purchased a new position in Alphabet in the first quarter valued at about $39,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 103 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was 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 in the company, valued at $4,202,258.92. The trade was a 0.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 276,338 shares of company stock worth $59,062,683. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Up 3.2%

Alphabet stock opened at $244.15 on Tuesday. 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 business’s 50-day simple moving average is $227.30 and its two-hundred day simple moving average is $189.47. The company has a market cap of $2.95 trillion, a PE ratio of 26.00, a PEG ratio of 1.60 and a beta of 1.00. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $256.00.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.16. The firm 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%. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wolfe Research lifted their price objective on shares of Alphabet from $220.00 to $290.00 in a research report on Tuesday, September 30th. Citizens Jmp lifted their price target on shares of Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Barclays lifted their price target on shares of Alphabet from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Citigroup lifted their price target on shares of Alphabet from $225.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, KeyCorp boosted their target price on Alphabet from $230.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $247.40.

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.