Carolinas Wealth Consulting LLC Acquires 135 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Carolinas Wealth Consulting LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,674 shares of the information services provider’s stock after purchasing an additional 135 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Alphabet were worth $5,041,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SkyOak Wealth LLC grew its position in shares of Alphabet by 2.5% in the 2nd quarter. SkyOak Wealth LLC now owns 21,538 shares of the information services provider’s stock valued at $3,923,000 after acquiring an additional 533 shares during the period. First Washington CORP lifted its stake in Alphabet by 2.1% in the 2nd quarter. First Washington CORP now owns 19,995 shares of the information services provider’s stock valued at $3,642,000 after purchasing an additional 404 shares during the last quarter. Waterloo Capital L.P. grew its holdings in Alphabet by 10.8% during the second quarter. Waterloo Capital L.P. now owns 29,260 shares of the information services provider’s stock worth $5,330,000 after purchasing an additional 2,844 shares during the period. Marsico Capital Management LLC increased its position in Alphabet by 30.0% during the second quarter. Marsico Capital Management LLC now owns 983,564 shares of the information services provider’s stock worth $179,156,000 after buying an additional 227,031 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of Alphabet by 6.0% during the 2nd quarter. Blair William & Co. IL now owns 2,686,056 shares of the information services provider’s stock worth $489,265,000 after acquiring an additional 151,589 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $182.84, for a total transaction of $4,113,900.00. Following the transaction, the chief executive officer now owns 2,204,885 shares of the company’s stock, valued at approximately $403,141,173.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,725 shares of company stock worth $31,933,031. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GOOGL. TD Securities boosted their price objective on Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. Roth Mkm reaffirmed a “buy” rating and issued a $206.00 price objective on shares of Alphabet in a report on Thursday, August 29th. Loop Capital reissued a “hold” rating and set a $170.00 target price on shares of Alphabet in a report on Wednesday, July 3rd. Truist Financial restated a “buy” rating and issued a $196.00 price target on shares of Alphabet in a research note on Monday, September 16th. Finally, Tigress Financial raised their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 26th. Eight analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $201.35.

Alphabet Stock Up 0.7 %

Shares of NASDAQ:GOOGL opened at $166.99 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. Alphabet Inc. has a 52-week low of $120.21 and a 52-week high of $191.75. The business’s 50 day simple moving average is $162.22 and its two-hundred day simple moving average is $167.02. The firm has a market cap of $2.06 trillion, a P/E ratio of 25.61, a PEG ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same period last year, the firm earned $1.44 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Monday, September 9th. Alphabet’s 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.