BSW Wealth Partners Has $3.71 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

BSW Wealth Partners raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 11.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 22,388 shares of the information services provider’s stock after purchasing an additional 2,281 shares during the period. BSW Wealth Partners’ holdings in Alphabet were worth $3,713,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Angeles Wealth Management LLC boosted its stake in Alphabet by 3.2% during the third quarter. Angeles Wealth Management LLC now owns 28,795 shares of the information services provider’s stock worth $4,776,000 after acquiring an additional 890 shares in the last quarter. Prosperitas Financial LLC boosted its position in shares of Alphabet by 16.5% during the 3rd quarter. Prosperitas Financial LLC now owns 35,340 shares of the information services provider’s stock worth $5,861,000 after purchasing an additional 5,014 shares in the last quarter. GFS Advisors LLC grew its stake in shares of Alphabet by 82,435.2% in the 3rd quarter. GFS Advisors LLC now owns 136,183 shares of the information services provider’s stock valued at $22,586,000 after buying an additional 136,018 shares during the period. Fort Pitt Capital Group LLC increased its position in Alphabet by 0.3% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 896,587 shares of the information services provider’s stock valued at $148,699,000 after buying an additional 3,059 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Alphabet by 1.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,839,604 shares of the information services provider’s stock worth $305,098,000 after buying an additional 33,405 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 21,467 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total value of $3,442,233.45. Following the sale, the insider now directly owns 39,334 shares of the company’s stock, valued at approximately $6,307,206.90. This represents a 35.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at $2,820,779.40. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,795 shares of company stock valued at $34,471,141. 11.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of recent research reports. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Guggenheim boosted their price objective on Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company upped their price target on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Seven equities 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.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.90.

Alphabet Trading Down 1.8 %

NASDAQ GOOGL opened at $172.49 on Friday. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The company has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.27 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 1.95. The firm’s fifty day moving average price is $165.61 and its 200 day moving average price is $170.13.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 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 analyst estimates of $72.85 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. On average, sell-side analysts expect that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet’s payout ratio is currently 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.