Alphabet Inc. $GOOGL Shares Bought by Charles Schwab Trust Co

Charles Schwab Trust Co boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 434.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,854 shares of the information services provider’s stock after buying an additional 12,888 shares during the period. Charles Schwab Trust Co’s holdings in Alphabet were worth $3,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in GOOGL. Tlwm boosted its holdings in shares of Alphabet by 2.7% in the 3rd quarter. Tlwm now owns 12,202 shares of the information services provider’s stock valued at $2,966,000 after acquiring an additional 320 shares during the last quarter. CWC Advisors LLC. purchased a new stake in Alphabet in the 3rd quarter worth $978,000. Sound Income Strategies LLC raised its position in shares of Alphabet by 0.4% during the 3rd quarter. Sound Income Strategies LLC now owns 46,109 shares of the information services provider’s stock worth $11,137,000 after purchasing an additional 201 shares during the last quarter. Thomasville National Bank lifted its position in shares of Alphabet by 1.0% in the third quarter. Thomasville National Bank now owns 10,321 shares of the information services provider’s stock valued at $2,509,000 after acquiring an additional 102 shares in the last quarter. Finally, Myecfo LLC boosted its stake in Alphabet by 2.8% during the 3rd quarter. Myecfo LLC now owns 12,944 shares of the information services provider’s stock worth $3,147,000 after purchasing an additional 356 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 0.1%

Shares of NASDAQ GOOGL opened at $314.06 on Friday. The stock has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $328.83. The firm has a 50-day moving average price of $294.39 and a 200 day moving average price of $237.80. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays restated an “overweight” rating and set a $315.00 target price (up from $250.00) on shares of Alphabet in a report on Thursday, October 30th. JPMorgan Chase & Co. upped their price target on Alphabet from $340.00 to $385.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Alphabet from $260.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, October 30th. CICC Research lifted their price objective on Alphabet from $240.00 to $303.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $315.90.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $308.19, for a total value of $184,914.00. Following the sale, the director owned 3,916 shares of the company’s stock, valued at approximately $1,206,872.04. This represents a 13.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Monday, December 15th. The stock was sold at an average price of $299.80, for a total value of $9,743,500.00. Following the transaction, the chief executive officer directly owned 2,239,619 shares of the company’s stock, valued at $671,437,776.20. This trade represents a 1.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 226,128 shares of company stock valued at $63,183,331 in the last three months. 11.64% of the stock is owned by company insiders.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.