Alphabet Inc. $GOOGL Shares Acquired by Advisory Alpha LLC

Advisory Alpha LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 20.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,092 shares of the information services provider’s stock after acquiring an additional 4,650 shares during the quarter. Advisory Alpha LLC’s holdings in Alphabet were worth $4,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after purchasing an additional 4,110 shares during the period. Revolve Wealth Partners LLC boosted its position in Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after buying an additional 506 shares during the last quarter. Smart Money Group LLC increased its holdings in Alphabet by 9.4% in the 1st quarter. Smart Money Group LLC now owns 6,181 shares of the information services provider’s stock worth $956,000 after buying an additional 532 shares during the period. Sterling Financial Planning Inc. raised its position in Alphabet by 3.7% during the 1st quarter. Sterling Financial Planning Inc. now owns 2,870 shares of the information services provider’s stock worth $444,000 after buying an additional 103 shares during the last quarter. Finally, Moody Aldrich Partners LLC lifted its stake in Alphabet by 3.4% during the 1st quarter. Moody Aldrich Partners LLC now owns 2,571 shares of the information services provider’s stock valued at $398,000 after acquiring an additional 84 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $283.48, for a total transaction of $9,213,100.00. Following the completion of the transaction, the chief executive officer owned 2,337,119 shares of the company’s stock, valued at $662,526,494.12. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 954 shares of Alphabet stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $282.33, for a total transaction of $269,342.82. Following the completion of the sale, the chief accounting officer owned 14,517 shares of the company’s stock, valued at $4,098,584.61. This trade represents a 6.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 222,396 shares of company stock valued at $54,105,275. 11.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GOOGL has been the topic of a number of research reports. Daiwa Capital Markets increased their price objective on shares of Alphabet from $233.00 to $333.00 and gave the stock a “buy” rating in a research note on Thursday. Melius Research increased their price target on Alphabet from $220.00 to $255.00 in a research report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price objective on Alphabet from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Sanford C. Bernstein boosted their price objective on Alphabet from $260.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Alphabet from $260.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $304.10.

Alphabet Stock Performance

GOOGL opened at $278.83 on Friday. The firm’s fifty day simple moving average is $251.23 and its two-hundred day simple moving average is $204.19. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $291.59. The company has a market cap of $3.37 trillion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.86 and a beta of 1.05. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The business had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be given a $0.21 dividend. The ex-dividend date is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is currently 8.28%.

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.