Heritage Oak Wealth Advisors LLC Purchases 3,800 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Heritage Oak Wealth Advisors LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 155.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,248 shares of the information services provider’s stock after purchasing an additional 3,800 shares during the quarter. Heritage Oak Wealth Advisors LLC’s holdings in Alphabet were worth $1,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Silver Oak Securities Incorporated raised its holdings in Alphabet by 2.0% in the 3rd quarter. Silver Oak Securities Incorporated now owns 19,524 shares of the information services provider’s stock valued at $3,108,000 after acquiring an additional 382 shares during the period. Element Wealth LLC raised its holdings in Alphabet by 3.7% in the 3rd quarter. Element Wealth LLC now owns 2,118 shares of the information services provider’s stock valued at $351,000 after acquiring an additional 76 shares during the period. Merkkuri Wealth Advisors LLC raised its holdings in Alphabet by 10.0% in the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 3,021 shares of the information services provider’s stock valued at $501,000 after acquiring an additional 275 shares during the period. Bull Oak Capital LLC raised its holdings in Alphabet by 162.6% in the 3rd quarter. Bull Oak Capital LLC now owns 554 shares of the information services provider’s stock valued at $92,000 after acquiring an additional 343 shares during the period. Finally, West Michigan Advisors LLC raised its holdings in Alphabet by 5.8% in the 3rd quarter. West Michigan Advisors LLC now owns 6,550 shares of the information services provider’s stock valued at $1,086,000 after acquiring an additional 357 shares during the period. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GOOGL shares. Wedbush reissued an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a report on Thursday, October 24th. China Renaissance upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Alphabet from $200.00 to $208.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Sanford C. Bernstein increased their target price on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets restated an “outperform” rating and set a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $205.90.

Alphabet Trading Up 4.0 %

NASDAQ:GOOGL opened at $176.51 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 23.41, a PEG ratio of 1.20 and a beta of 1.03. The firm has a fifty day simple moving average of $162.86 and a two-hundred day simple moving average of $169.36. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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 firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period last year, the company earned $1.55 earnings per share. Analysts expect that Alphabet Inc. will post 7.99 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, September 3rd. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the transaction, the chief executive officer now owns 2,159,885 shares in the company, valued at approximately $362,126,319.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 232,052 shares of company stock worth $38,424,448 over the last three months. 11.55% of the stock is currently owned by insiders.

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.