Alphabet Inc. (NASDAQ:GOOG) Stake Boosted by Greenfield Savings Bank

Greenfield Savings Bank increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,001 shares of the information services provider’s stock after purchasing an additional 356 shares during the period. Alphabet makes up 2.0% of Greenfield Savings Bank’s investment portfolio, making the stock its 10th biggest holding. Greenfield Savings Bank’s holdings in Alphabet were worth $4,180,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Atwood & Palmer Inc. boosted its holdings in Alphabet by 1.5% in the third quarter. Atwood & Palmer Inc. now owns 246,113 shares of the information services provider’s stock worth $41,148,000 after purchasing an additional 3,531 shares in the last quarter. Sara Bay Financial bought a new stake in Alphabet in the third quarter worth $334,000. Cypress Financial Planning LLC boosted its holdings in Alphabet by 43.5% in the third quarter. Cypress Financial Planning LLC now owns 2,277 shares of the information services provider’s stock worth $381,000 after purchasing an additional 690 shares in the last quarter. Richard P Slaughter Associates Inc boosted its holdings in Alphabet by 20.1% in the third quarter. Richard P Slaughter Associates Inc now owns 17,055 shares of the information services provider’s stock worth $2,851,000 after purchasing an additional 2,859 shares in the last quarter. Finally, SignalPoint Asset Management LLC boosted its holdings in Alphabet by 1.3% during the third quarter. SignalPoint Asset Management LLC now owns 23,438 shares of the information services provider’s stock valued at $3,874,000 after acquiring an additional 304 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 217,592 shares of company stock valued at $35,922,911. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $164.39 on Tuesday. The firm has a market cap of $2.03 trillion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.21 and a beta of 1.04. The company has a 50 day moving average of $163.53 and a 200-day moving average of $168.91. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1-year low of $121.46 and a 1-year high of $193.31.

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

Alphabet Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities cut shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a report on Friday, June 28th. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. UBS Group decreased their price target on shares of Alphabet from $204.00 to $187.00 and set a “neutral” rating for the company in a report on Monday. Pivotal Research initiated coverage on shares of Alphabet in a research report on Tuesday, October 1st. They issued a “buy” rating and a $215.00 price target for the company. Finally, TD Cowen increased their price target 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. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $184.11.

About Alphabet

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.