Alphabet Inc. $GOOG Shares Bought by Goodman Advisory Group LLC

Goodman Advisory Group LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 911.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,103 shares of the information services provider’s stock after purchasing an additional 1,895 shares during the period. Goodman Advisory Group LLC’s holdings in Alphabet were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GOOG. Dimension Capital Management LLC grew its stake in shares of Alphabet by 0.4% during the 2nd quarter. Dimension Capital Management LLC now owns 13,968 shares of the information services provider’s stock worth $2,478,000 after purchasing an additional 50 shares during the period. Resources Management Corp CT ADV increased its holdings in Alphabet by 1.1% in the second quarter. Resources Management Corp CT ADV now owns 4,485 shares of the information services provider’s stock valued at $796,000 after buying an additional 50 shares in the last quarter. Challenger Wealth Management raised its position in shares of Alphabet by 4.0% in the second quarter. Challenger Wealth Management now owns 1,335 shares of the information services provider’s stock worth $237,000 after acquiring an additional 51 shares during the period. REDW Wealth LLC boosted its stake in shares of Alphabet by 2.3% during the 2nd quarter. REDW Wealth LLC now owns 2,410 shares of the information services provider’s stock worth $428,000 after acquiring an additional 54 shares in the last quarter. Finally, GDS Wealth Management grew its position in shares of Alphabet by 2.4% during the 2nd quarter. GDS Wealth Management now owns 2,325 shares of the information services provider’s stock valued at $412,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, 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 directly owned 4,516 shares of the company’s stock, valued at $1,264,750.96. This trade represents a 11.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 954 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $317.00, for a total value of $302,418.00. Following the completion of the sale, the chief accounting officer owned 11,740 shares of the company’s stock, valued at $3,721,580. This trade represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 228,906 shares of company stock worth $62,127,158 in the last quarter. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Alphabet in a report on Thursday, October 30th. BNP Paribas assumed coverage on Alphabet in a research note on Monday, November 24th. They set an “outperform” rating for the company. Oppenheimer lifted their price target on shares of Alphabet from $300.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Barclays boosted their price target on shares of Alphabet from $250.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $340.00 price objective on shares of Alphabet in a report on Thursday, October 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $313.04.

Alphabet Stock Down 1.0%

NASDAQ GOOG opened at $310.52 on Friday. The business has a fifty day moving average price of $283.75 and a 200 day moving average price of $230.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $3.75 trillion, a P/E ratio of 30.62, a P/E/G ratio of 1.80 and a beta of 1.07. Alphabet Inc. has a one year low of $142.66 and a one year high of $328.67.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 30th. 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 net margin of 32.23% and a return on equity of 35.00%. The company had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. During the same quarter in the previous year, the company posted $2.12 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

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.