Stewardship Advisors LLC Makes New Investment in Alphabet Inc. (NASDAQ:GOOGL)

Stewardship Advisors LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,213 shares of the information services provider’s stock, valued at approximately $533,000.

Other large investors have also recently made changes to their positions in the company. River Street Advisors LLC lifted its position in Alphabet by 9.0% during the first quarter. River Street Advisors LLC now owns 14,652 shares of the information services provider’s stock valued at $2,211,000 after purchasing an additional 1,208 shares during the last quarter. Richardson Capital Management LLC raised its position in shares of Alphabet by 87.5% during the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after buying an additional 140 shares in the last quarter. Cornerstone Wealth Group LLC lifted its holdings in shares of Alphabet by 60.5% in the 1st quarter. Cornerstone Wealth Group LLC now owns 62,799 shares of the information services provider’s stock valued at $9,478,000 after acquiring an additional 23,684 shares during the last quarter. Avalon Capital Management grew its position in Alphabet by 10.0% in the first quarter. Avalon Capital Management now owns 193,631 shares of the information services provider’s stock worth $29,225,000 after acquiring an additional 17,540 shares in the last quarter. Finally, Gradient Capital Advisors LLC increased its stake in Alphabet by 1.4% during the first quarter. Gradient Capital Advisors LLC now owns 21,245 shares of the information services provider’s stock worth $3,207,000 after acquiring an additional 290 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Trading Down 1.9 %

Shares of Alphabet stock opened at $171.11 on Friday. The stock has a 50 day moving average of $162.32 and a 200 day moving average of $168.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a fifty-two week low of $122.68 and a fifty-two week high of $191.75.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the prior year, the business posted $1.55 EPS. As a group, research analysts predict that Alphabet Inc. will post 7.65 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio is presently 12.27%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the transaction, the chief accounting officer now directly owns 32,017 shares in the company, valued at $5,136,807.48. 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 available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the completion of the transaction, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at approximately $354,310,204.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares in the company, valued at approximately $5,136,807.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,744 shares of company stock worth $35,878,764. 11.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GOOGL shares. Tigress Financial lifted their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 26th. Morgan Stanley lifted their price target on Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday. TD Securities boosted their target price on Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Wednesday. Finally, Mizuho increased their price objective on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.51.

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.