Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 63,801 shares of the information services provider’s stock after acquiring an additional 734 shares during the period. Chicago Partners Investment Group LLC’s holdings in Alphabet were worth $10,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its holdings in Alphabet by 9.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 117,365 shares of the information services provider’s stock worth $19,463,000 after buying an additional 10,044 shares in the last quarter. Dash Acquisitions Inc. increased its position in shares of Alphabet by 0.7% during the third quarter. Dash Acquisitions Inc. now owns 9,656 shares of the information services provider’s stock worth $1,596,000 after acquiring an additional 67 shares during the last quarter. Weatherly Asset Management L. P. increased its position in shares of Alphabet by 2.6% during the third quarter. Weatherly Asset Management L. P. now owns 107,148 shares of the information services provider’s stock worth $17,770,000 after acquiring an additional 2,731 shares during the last quarter. Cambiar Investors LLC lifted its stake in shares of Alphabet by 0.6% in the third quarter. Cambiar Investors LLC now owns 352,764 shares of the information services provider’s stock worth $58,506,000 after acquiring an additional 2,018 shares in the last quarter. Finally, CacheTech Inc. boosted its holdings in Alphabet by 5.9% in the third quarter. CacheTech Inc. now owns 17,505 shares of the information services provider’s stock valued at $2,903,000 after purchasing an additional 973 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the sale, the chief accounting officer now directly owns 32,017 shares of the company’s stock, valued at $5,136,807.48. The trade was a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $177.41, for a total value of $1,862,805.00. Following the completion of the sale, the director now directly owns 319,966 shares of the company’s stock, valued at approximately $56,765,168.06. This trade represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 206,795 shares of company stock valued at $34,471,141. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. Pivotal Research increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Bank of America boosted their target price on shares of Alphabet from $206.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Tigress Financial lifted their price target on Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 26th. Finally, Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.90.

Alphabet Price Performance

NASDAQ:GOOGL opened at $175.58 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $164.82 and its 200 day moving average price is $170.04. Alphabet Inc. has a 52-week low of $127.90 and a 52-week high of $191.75. The firm has a market cap of $2.15 trillion, a P/E ratio of 23.29, a PEG ratio of 1.29 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter last year, the firm posted $1.55 EPS. As a group, sell-side analysts predict that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm 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 $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

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.