Alphabet Inc. $GOOGL Shares Bought by TPG Financial Advisors LLC

TPG Financial Advisors LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,287 shares of the information services provider’s stock after acquiring an additional 92 shares during the quarter. TPG Financial Advisors LLC’s holdings in Alphabet were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. WestEnd Advisors LLC raised its stake in shares of Alphabet by 112.4% during the second quarter. WestEnd Advisors LLC now owns 248,069 shares of the information services provider’s stock worth $43,718,000 after purchasing an additional 131,267 shares during the last quarter. BankPlus Trust Department increased its stake in Alphabet by 16.5% in the 2nd quarter. BankPlus Trust Department now owns 4,674 shares of the information services provider’s stock valued at $824,000 after buying an additional 662 shares during the period. First Financial Group Corp increased its stake in Alphabet by 6.9% in the 2nd quarter. First Financial Group Corp now owns 2,261 shares of the information services provider’s stock valued at $399,000 after buying an additional 145 shares during the period. High Note Wealth LLC increased its stake in Alphabet by 1.7% in the 2nd quarter. High Note Wealth LLC now owns 50,138 shares of the information services provider’s stock valued at $8,836,000 after buying an additional 836 shares during the period. Finally, SGL Investment Advisors Inc. boosted its holdings in shares of Alphabet by 8.6% in the second quarter. SGL Investment Advisors Inc. now owns 8,356 shares of the information services provider’s stock valued at $1,457,000 after acquiring an additional 660 shares in the last quarter. 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 23,820 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the sale, the insider directly owned 42,999 shares in the company, valued at $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 1,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $200.00, for a total transaction of $200,000.00. Following the completion of the sale, the director owned 6,916 shares in the company, valued at $1,383,200. This represents a 12.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 210,872 shares of company stock valued at $46,980,865. Insiders own 11.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GOOGL. Tigress Financial lifted their target price on shares of Alphabet from $240.00 to $280.00 and gave the company a “strong-buy” rating in a report on Friday, September 5th. Piper Sandler raised their price objective on shares of Alphabet from $220.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Wolfe Research increased their target price on Alphabet from $220.00 to $290.00 in a research note on Tuesday, September 30th. Stifel Nicolaus increased their target price on Alphabet from $200.00 to $218.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Rosenblatt Securities upped their price objective on Alphabet from $191.00 to $224.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $250.57.

Alphabet Stock Performance

GOOGL opened at $251.46 on Friday. The stock has a market cap of $3.04 trillion, a P/E ratio of 26.78, a P/E/G ratio of 1.69 and a beta of 1.00. 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’s 50 day simple moving average is $230.51 and its 200 day simple moving average is $190.95. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $256.96.

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

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were paid 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 of this dividend was Monday, September 8th. Alphabet’s payout ratio is 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.