SJS Investment Consulting Inc. Acquires 2,190 Shares of Alphabet Inc. $GOOGL

SJS Investment Consulting Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 19.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,224 shares of the information services provider’s stock after purchasing an additional 2,190 shares during the period. Alphabet makes up 0.4% of SJS Investment Consulting Inc.’s portfolio, making the stock its 21st biggest position. SJS Investment Consulting Inc.’s holdings in Alphabet were worth $3,215,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GOOGL. Brighton Jones LLC grew its position in Alphabet by 3.9% in the fourth 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 during the period. Revolve Wealth Partners LLC boosted its stake in shares of Alphabet by 3.5% in the 4th 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 in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Alphabet by 36.8% in the 1st quarter. Jones Financial Companies Lllp now owns 1,814,959 shares of the information services provider’s stock worth $280,190,000 after purchasing an additional 488,549 shares during the last quarter. City Center Advisors LLC acquired a new stake in shares of Alphabet during the 2nd quarter worth about $237,000. Finally, TrueWealth Advisors LLC lifted its holdings in Alphabet by 6.8% during the 2nd quarter. TrueWealth Advisors LLC now owns 3,546 shares of the information services provider’s stock valued at $625,000 after purchasing an additional 226 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 17,829 shares of the stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total value of $5,614,173.81. Following the transaction, the insider owned 42,972 shares of the company’s stock, valued at approximately $13,531,453.08. This represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $308.19, for a total value of $184,914.00. Following the transaction, the director owned 3,916 shares of the company’s stock, valued at $1,206,872.04. The trade was a 13.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 224,587 shares of company stock valued at $66,549,284 in the last ninety days. 11.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on GOOGL. CIBC upped their price objective on shares of Alphabet to $315.00 in a research note on Monday, October 20th. HSBC increased their price target on Alphabet from $335.00 to $370.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Robert W. Baird lifted their price objective on Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. New Street Research increased their target price on Alphabet from $275.00 to $295.00 in a report on Friday, October 24th. Finally, Citizens Jmp raised their target price on Alphabet from $340.00 to $385.00 and gave the company a “market outperform” rating in a research note on Wednesday, December 31st. Three analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $323.19.

Read Our Latest Research Report on Alphabet

Alphabet Price Performance

Shares of GOOGL stock opened at $328.57 on Monday. The firm has a market cap of $3.96 trillion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.81 and a beta of 1.08. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $330.83. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $306.19 and a 200 day moving average price of $249.87.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $99.90 billion. Research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

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About Alphabet

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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