Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,144 shares of the information services provider’s stock after buying an additional 10,307 shares during the quarter. Private Advisor Group LLC’s holdings in Alphabet were worth $66,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Tempus Wealth Planning LLC grew its stake in shares of Alphabet by 8.0% in the third quarter. Tempus Wealth Planning LLC now owns 13,282 shares of the information services provider’s stock valued at $2,203,000 after buying an additional 984 shares in the last quarter. FSC Wealth Advisors LLC grew its stake in shares of Alphabet by 4.6% in the third quarter. FSC Wealth Advisors LLC now owns 2,261 shares of the information services provider’s stock valued at $375,000 after buying an additional 100 shares in the last quarter. Stanley Laman Group Ltd. grew its stake in shares of Alphabet by 77.6% in the third quarter. Stanley Laman Group Ltd. now owns 63,699 shares of the information services provider’s stock valued at $10,564,000 after buying an additional 27,825 shares in the last quarter. Pictet North America Advisors SA grew its stake in shares of Alphabet by 0.7% in the third quarter. Pictet North America Advisors SA now owns 154,687 shares of the information services provider’s stock valued at $25,655,000 after buying an additional 1,141 shares in the last quarter. Finally, Symphony Financial Ltd. Co. grew its stake in shares of Alphabet by 9.7% in the third quarter. Symphony Financial Ltd. Co. now owns 36,188 shares of the information services provider’s stock valued at $5,949,000 after buying an additional 3,187 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several analyst reports. Citigroup boosted their target price on Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $190.00 target price on shares of Alphabet in a research note on Wednesday. TD Securities boosted their target price on Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Mizuho boosted their target price on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada boosted their target price on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday. Seven research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.51.

Alphabet Stock Performance

NASDAQ GOOGL opened at $171.29 on Friday. The company has a current ratio of 1.95, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $162.43 and its two-hundred day moving average is $169.01. Alphabet Inc. has a 12-month low of $126.93 and a 12-month high of $191.75. The stock has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.23 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. Research analysts expect that Alphabet Inc. will post 7.91 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s payout ratio is 10.61%.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00. Following the sale, the chief executive officer now owns 2,182,385 shares in the company, valued at $354,310,204.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares in the company, valued at $50,765,346. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00. Following the completion of the sale, the chief executive officer now owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 230,244 shares of company stock worth $37,776,954 in the last quarter. Company insiders own 11.55% of the company’s stock.

Alphabet 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.