Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 10.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,049 shares of the information services provider’s stock after purchasing an additional 384 shares during the period. Patrick M Sweeney & Associates Inc.’s holdings in Alphabet were worth $672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Financial Security Advisor Inc. lifted its holdings in Alphabet by 2.1% during the 1st quarter. Financial Security Advisor Inc. now owns 31,416 shares of the information services provider’s stock worth $4,742,000 after buying an additional 635 shares in the last quarter. Quattro Financial Advisors LLC increased its position in shares of Alphabet by 48,200.7% during the first quarter. Quattro Financial Advisors LLC now owns 67,621 shares of the information services provider’s stock worth $10,206,000 after acquiring an additional 67,481 shares during the period. Dixon Mitchell Investment Counsel Inc. raised its stake in shares of Alphabet by 0.8% in the first quarter. Dixon Mitchell Investment Counsel Inc. now owns 754,624 shares of the information services provider’s stock valued at $113,895,000 after acquiring an additional 6,290 shares in the last quarter. Shira Ridge Wealth Management boosted its holdings in Alphabet by 2.4% in the first quarter. Shira Ridge Wealth Management now owns 5,481 shares of the information services provider’s stock valued at $827,000 after purchasing an additional 128 shares during the period. Finally, Nvest Financial LLC grew its stake in Alphabet by 1.4% during the 1st quarter. Nvest Financial LLC now owns 26,751 shares of the information services provider’s stock worth $4,038,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet 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 of the company’s stock, valued at approximately $5,136,807.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction of $3,652,875.00. Following the completion of the transaction, the chief executive officer now directly owns 2,182,385 shares of the company’s stock, valued at $354,310,204.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred 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 directly owns 32,017 shares in the company, valued at approximately $5,136,807.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 230,244 shares of company stock valued at $37,776,954 in the last quarter. 11.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GOOGL shares. Wolfe Research assumed coverage on Alphabet in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $240.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. BMO Capital Markets reiterated an “outperform” rating and set a $217.00 price target (up previously from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. Finally, JMP Securities lifted their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.51.

Alphabet Trading Up 0.1 %

Shares of GOOGL stock opened at $171.29 on Monday. The business’s fifty day moving average price is $162.43 and its 200 day moving average price is $169.10. The firm has a market capitalization of $2.11 trillion, a PE ratio of 22.72, a P/E/G ratio of 1.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 2.08. Alphabet Inc. has a 1-year low of $126.93 and a 1-year high of $191.75.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the firm posted $1.55 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 7.91 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s payout ratio is 10.61%.

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.