Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,144,221 shares of the information services provider’s stock after acquiring an additional 113,916 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Alphabet were worth $209,873,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Merriman Wealth Management LLC grew its holdings in Alphabet by 21.3% during the second quarter. Merriman Wealth Management LLC now owns 15,524 shares of the information services provider’s stock worth $2,847,000 after acquiring an additional 2,722 shares during the period. Avalon Global Asset Management LLC grew its stake in shares of Alphabet by 147.2% during the 2nd quarter. Avalon Global Asset Management LLC now owns 38,500 shares of the information services provider’s stock worth $7,062,000 after purchasing an additional 120,000 shares during the period. Alaethes Wealth LLC increased its holdings in shares of Alphabet by 1.6% in the 2nd quarter. Alaethes Wealth LLC now owns 30,295 shares of the information services provider’s stock valued at $5,557,000 after purchasing an additional 489 shares in the last quarter. Libra Wealth LLC lifted its stake in shares of Alphabet by 48.6% in the second quarter. Libra Wealth LLC now owns 3,061 shares of the information services provider’s stock valued at $561,000 after purchasing an additional 1,001 shares during the period. Finally, Legacy Financial Advisors Inc. boosted its holdings in Alphabet by 2.8% during the second quarter. Legacy Financial Advisors Inc. now owns 25,443 shares of the information services provider’s stock worth $4,667,000 after buying an additional 702 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a research note on Friday, June 28th. Cantor Fitzgerald raised Alphabet to a “hold” rating in a research note on Thursday, September 5th. Oppenheimer increased their price objective on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. TD Cowen lifted their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, DA Davidson upgraded shares of Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.86.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total value of $125,126.54. Following the completion of the sale, the chief accounting officer now directly owns 30,650 shares in the company, valued at $5,623,355.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the sale, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 700 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $165.00, for a total value of $115,500.00. Following the sale, the director now owns 29,324 shares of the company’s stock, valued at $4,838,460. The disclosure for this sale can be found here. Insiders have sold a total of 202,667 shares of company stock worth $33,964,256 in the last three months. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $164.64 on Friday. Alphabet Inc. has a 1-year low of $121.46 and a 1-year high of $193.31. The firm has a 50 day simple moving average of $166.26 and a 200-day simple moving average of $167.02. The firm has a market cap of $2.03 trillion, a PE ratio of 25.25, a P/E/G ratio of 1.13 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 EPS. On average, equities analysts expect that Alphabet Inc. will post 7.63 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Monday, September 9th. Alphabet’s dividend payout ratio is currently 12.27%.

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.