Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,683 shares of the information services provider’s stock after purchasing an additional 2,385 shares during the period. Radnor Capital Management LLC’s holdings in Alphabet were worth $4,591,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. AHL Investment Management Inc. purchased a new stake in Alphabet during the 3rd quarter worth about $821,000. Leslie Global Wealth LLC boosted its stake in shares of Alphabet by 6.3% during the 3rd quarter. Leslie Global Wealth LLC now owns 2,193 shares of the information services provider’s stock worth $364,000 after purchasing an additional 129 shares during the last quarter. Financial Security Advisor Inc. boosted its stake in shares of Alphabet by 7.9% during the 3rd quarter. Financial Security Advisor Inc. now owns 36,261 shares of the information services provider’s stock worth $6,014,000 after purchasing an additional 2,650 shares during the last quarter. Catalina Capital Group LLC grew its holdings in shares of Alphabet by 5.5% during the third quarter. Catalina Capital Group LLC now owns 21,171 shares of the information services provider’s stock worth $3,511,000 after buying an additional 1,096 shares in the last quarter. Finally, Marks Group Wealth Management Inc raised its position in shares of Alphabet by 3.2% in the third quarter. Marks Group Wealth Management Inc now owns 6,385 shares of the information services provider’s stock valued at $1,059,000 after buying an additional 200 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GOOGL. Scotiabank upgraded shares of Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Cantor Fitzgerald restated a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. Guggenheim upped their target price on Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Loop Capital increased their target price on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, DA Davidson began coverage on Alphabet in a report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price target for the company. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.90.

Insider Transactions at Alphabet

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 completion of the sale, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at $5,136,807.48. This represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the 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 sale, the chief executive officer now owns 2,159,885 shares in the company, valued at approximately $362,126,319.10. This trade represents a 1.03 % 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. Insiders own 11.55% of the company’s stock.

Alphabet Trading Up 1.6 %

NASDAQ:GOOGL opened at $175.30 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a one year low of $127.90 and a one year high of $191.75. The business’s 50-day simple moving average is $166.15 and its 200 day simple moving average is $170.28. The stock has a market cap of $2.15 trillion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping 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 company earned $1.55 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid 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 dividend yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 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.