FSC Wealth Advisors LLC Has $345,000 Stake in Alphabet Inc. $GOOGL

FSC Wealth Advisors LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 13.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,960 shares of the information services provider’s stock after selling 300 shares during the period. FSC Wealth Advisors LLC’s holdings in Alphabet were worth $345,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. NBZ Investment Advisors LLC boosted its holdings in Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 90 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Alphabet during the 2nd quarter worth approximately $31,000. CarsonAllaria Wealth Management Ltd. raised its stake in shares of Alphabet by 36.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after buying an additional 67 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Alphabet in the first quarter valued at approximately $50,000. Finally, Christopher J. Hasenberg Inc lifted its holdings in Alphabet by 77.6% in the second quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock valued at $61,000 after buying an additional 152 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $280.06, for a total transaction of $168,036.00. Following the sale, the director directly owned 4,516 shares of the company’s stock, valued at approximately $1,264,750.96. The trade was a 11.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $296.64, for a total transaction of $9,640,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,304,619 shares of the company’s stock, valued at approximately $683,642,180.16. The trade was a 1.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 225,072 shares of company stock valued at $58,074,027. 11.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on GOOGL shares. JMP Securities reiterated a “market outperform” rating and set a $290.00 target price on shares of Alphabet in a research report on Wednesday, October 22nd. Citigroup reiterated a “buy” rating and issued a $343.00 price objective (up previously from $280.00) on shares of Alphabet in a report on Thursday, October 30th. BNP Paribas Exane initiated coverage on Alphabet in a research note on Monday, November 24th. They issued an “outperform” rating and a $355.00 target price on the stock. Citizens Jmp boosted their target price on Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. Finally, Citic Securities boosted their price objective on shares of Alphabet from $230.00 to $310.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.84.

Alphabet Trading Up 0.0%

GOOGL stock opened at $320.02 on Monday. The stock has a market cap of $3.86 trillion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The company has a fifty day moving average price of $269.25 and a two-hundred day moving average price of $219.56. Alphabet Inc. has a one year low of $140.53 and a one year high of $328.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate 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 analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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 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 yield of 0.3%. Alphabet’s payout ratio is presently 8.28%.

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.