Alphabet Inc. $GOOGL Stock Holdings Cut by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,563 shares of the information services provider’s stock after selling 2,835 shares during the quarter. Alphabet accounts for approximately 2.9% of D L Carlson Investment Group Inc.’s holdings, making the stock its 7th biggest position. D L Carlson Investment Group Inc.’s holdings in Alphabet were worth $15,960,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Norges Bank bought a new position in Alphabet in the second quarter worth approximately $21,944,208,000. Nuveen LLC purchased a new stake in shares of Alphabet in the 1st quarter worth $4,317,606,000. Laurel Wealth Advisors LLC raised its holdings in Alphabet by 17,667.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock worth $2,686,640,000 after purchasing an additional 15,159,273 shares during the period. Vanguard Group Inc. raised its holdings in Alphabet by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider’s stock worth $78,839,544,000 after purchasing an additional 14,307,345 shares during the period. Finally, Franklin Resources Inc. lifted its position in Alphabet by 51.7% during the second quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider’s stock valued at $5,607,232,000 after purchasing an additional 10,843,853 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GOOGL shares. Rosenblatt Securities upped their price target on Alphabet from $224.00 to $279.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Wedbush reissued an “outperform” rating and issued a $320.00 target price (up from $245.00) on shares of Alphabet in a report on Thursday, October 30th. China Renaissance raised their target price on shares of Alphabet from $207.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Jefferies Financial Group upped their price target on shares of Alphabet from $285.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Tigress Financial increased their price objective on shares of Alphabet from $240.00 to $280.00 and gave the stock a “strong-buy” rating in a research note on Friday, September 5th. Four investment analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $312.65.

Alphabet Trading Up 1.0%

Alphabet stock opened at $320.21 on Thursday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $328.83. The firm’s 50 day moving average price is $280.53 and its 200-day moving average price is $227.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $3.86 trillion, a P/E ratio of 31.58, a PEG ratio of 1.84 and a beta of 1.07.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. On average, equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s payout ratio is 8.28%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 954 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $317.00, for a total transaction of $302,418.00. Following the completion of the transaction, the chief accounting officer directly owned 11,740 shares of the company’s stock, valued at approximately $3,721,580. This represents a 7.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $280.06, for a total value of $168,036.00. Following the transaction, the director owned 4,516 shares of the company’s stock, valued at $1,264,750.96. This represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 226,128 shares of company stock valued at $61,326,372 over the last three months. Corporate insiders own 11.64% of the company’s stock.

Alphabet Company 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.