5T Wealth LLC Has $866,000 Stock Holdings in Alphabet Inc. $GOOGL

5T Wealth LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,910 shares of the information services provider’s stock after buying an additional 209 shares during the quarter. 5T Wealth LLC’s holdings in Alphabet were worth $866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Eleva Capital SAS bought a new position in Alphabet in the 2nd quarter valued at about $3,021,000. Integrity Financial Corp WA raised its stake in shares of Alphabet by 13.7% in the second quarter. Integrity Financial Corp WA now owns 7,743 shares of the information services provider’s stock worth $1,365,000 after purchasing an additional 934 shares during the last quarter. Gilbert & Cook Inc. bought a new position in shares of Alphabet in the second quarter valued at approximately $799,000. TIAA Trust National Association boosted its position in shares of Alphabet by 3.0% during the second quarter. TIAA Trust National Association now owns 1,020,552 shares of the information services provider’s stock valued at $179,854,000 after buying an additional 30,205 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of Alphabet by 18.7% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 10,739 shares of the information services provider’s stock valued at $1,893,000 after buying an additional 1,691 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 112 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $291.80, for a total transaction of $32,681.60. Following the completion of the transaction, the director directly owned 18,004 shares of the company’s stock, valued at approximately $5,253,567.20. This represents a 0.62% decrease in their position. The transaction was disclosed in a legal filing 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 owned 42,985 shares in the company, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 221,796 shares of company stock worth $53,983,001. 11.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of analyst reports. BNP Paribas Exane increased their price target on Alphabet from $247.00 to $281.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Melius Research increased their target price on shares of Alphabet from $220.00 to $255.00 in a report on Thursday, September 25th. The Goldman Sachs Group raised their price target on shares of Alphabet from $288.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, President Capital upped their price objective on shares of Alphabet from $258.00 to $323.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $304.10.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $278.57 on Friday. The company has a fifty day simple moving average of $256.42 and a two-hundred day simple moving average of $207.79. 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 Inc. has a 52 week low of $140.53 and a 52 week high of $292.01. The company has a market cap of $3.36 trillion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping 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 the consensus estimate of $99.90 billion. As a group, equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is presently 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.