Alphabet Inc. $GOOGL Position Increased by Bouchey Financial Group Ltd

Bouchey Financial Group Ltd increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,397 shares of the information services provider’s stock after buying an additional 538 shares during the quarter. Bouchey Financial Group Ltd’s holdings in Alphabet were worth $1,656,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after acquiring an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Alphabet by 3.5% during 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 purchasing an additional 506 shares during the period. Smart Money Group LLC increased its holdings in shares of Alphabet by 9.4% during the first quarter. Smart Money Group LLC now owns 6,181 shares of the information services provider’s stock valued at $956,000 after purchasing an additional 532 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of Alphabet by 41.2% during the first quarter. J.W. Cole Advisors Inc. now owns 105,906 shares of the information services provider’s stock valued at $16,377,000 after purchasing an additional 30,904 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Alphabet by 0.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,256,496 shares of the information services provider’s stock worth $194,304,000 after purchasing an additional 10,304 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total transaction of $694,638.90. Following the transaction, the chief accounting officer directly owned 14,516 shares in the company, valued at approximately $3,629,725.80. The trade was a 16.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the completion of the sale, the chief executive officer owned 2,369,619 shares of the company’s stock, valued at $592,760,192.85. The trade was a 1.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 225,174 shares of company stock valued at $58,095,223. Company insiders own 11.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on GOOGL shares. Stifel Nicolaus set a $333.00 target price on shares of Alphabet in a research note on Thursday, October 30th. HSBC upped their price target on shares of Alphabet from $295.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Tigress Financial raised their price objective on shares of Alphabet from $240.00 to $280.00 and gave the company a “strong-buy” rating in a research note on Friday, September 5th. Loop Capital raised Alphabet from a “hold” rating to a “buy” rating and boosted their target price for the stock from $260.00 to $320.00 in a report on Tuesday, November 18th. Finally, Wells Fargo & Company upped their target price on Alphabet from $236.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $307.65.

Alphabet Trading Up 6.3%

Shares of NASDAQ GOOGL opened at $318.58 on Tuesday. 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 12 month low of $140.53 and a 12 month high of $319.48. The company has a market cap of $3.84 trillion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 1.86 and a beta of 1.05. The business has a fifty day simple moving average of $263.73 and a 200-day simple moving average of $215.00.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The firm had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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