Alphabet Inc. $GOOGL Shares Acquired by FWG Holdings LLC

FWG Holdings LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 95.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,589 shares of the information services provider’s stock after purchasing an additional 1,755 shares during the quarter. FWG Holdings LLC’s holdings in Alphabet were worth $700,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GOOGL. HFG Advisors Inc. raised its holdings in Alphabet by 9.7% during the second quarter. HFG Advisors Inc. now owns 2,297 shares of the information services provider’s stock worth $405,000 after purchasing an additional 203 shares in the last quarter. Dillon & Associates Inc. increased its position in Alphabet by 1.0% during the 2nd quarter. Dillon & Associates Inc. now owns 195,272 shares of the information services provider’s stock worth $34,368,000 after purchasing an additional 1,988 shares during the period. Oakwell Private Wealth Management LLC raised its stake in shares of Alphabet by 11.7% during the 2nd quarter. Oakwell Private Wealth Management LLC now owns 8,367 shares of the information services provider’s stock worth $1,475,000 after buying an additional 879 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its stake in shares of Alphabet by 0.6% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 24,055 shares of the information services provider’s stock worth $4,239,000 after buying an additional 151 shares in the last quarter. Finally, Lord & Richards Wealth Management LLC lifted its holdings in shares of Alphabet by 38.2% in the 2nd quarter. Lord & Richards Wealth Management LLC now owns 5,099 shares of the information services provider’s stock valued at $899,000 after buying an additional 1,410 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 0.8%

Alphabet stock opened at $276.41 on Monday. The stock has a 50-day moving average price of $257.24 and a 200 day moving average price of $209.28. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $292.01. The stock has a market cap of $3.34 trillion, a PE ratio of 27.26, a P/E/G ratio of 1.86 and a beta of 1.05. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results 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 net margin of 32.23% and a return on equity of 36.08%. The business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is currently 8.28%.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 954 shares of Alphabet stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $282.33, for a total value of $269,342.82. Following the transaction, the chief accounting officer owned 14,517 shares in the company, valued at approximately $4,098,584.61. This trade represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $291.80, for a total value of $32,681.60. Following the sale, the director owned 18,004 shares of the company’s stock, valued at $5,253,567.20. The trade was a 0.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 221,796 shares of company stock worth $53,983,001. 11.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. DA Davidson increased their price objective on Alphabet from $190.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Daiwa Capital Markets upped their price target on shares of Alphabet from $233.00 to $333.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Needham & Company LLC raised their price objective on shares of Alphabet from $260.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. DZ Bank reissued a “buy” rating on shares of Alphabet in a report on Thursday, October 30th. Finally, Westpark Capital lifted their price target on shares of Alphabet from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Four equities research 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. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $304.10.

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.