Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Foster & Motley Inc.

Foster & Motley Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 11.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,227 shares of the information services provider’s stock after acquiring an additional 1,040 shares during the period. Foster & Motley Inc.’s holdings in Alphabet were worth $1,696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Radnor Capital Management LLC grew its stake in shares of Alphabet by 9.4% in the third quarter. Radnor Capital Management LLC now owns 27,683 shares of the information services provider’s stock valued at $4,591,000 after buying an additional 2,385 shares in the last quarter. AHL Investment Management Inc. bought a new stake in Alphabet in the third quarter valued at about $821,000. Leslie Global Wealth LLC lifted its stake in Alphabet by 6.3% during the third 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 holdings in shares of Alphabet by 7.9% in the 3rd quarter. Financial Security Advisor Inc. now owns 36,261 shares of the information services provider’s stock valued at $6,014,000 after buying an additional 2,650 shares during the period. Finally, Catalina Capital Group LLC lifted its holdings in shares of Alphabet by 5.5% in the 3rd quarter. Catalina Capital Group LLC now owns 21,171 shares of the information services provider’s stock worth $3,511,000 after purchasing an additional 1,096 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GOOGL shares. BMO Capital Markets reiterated an “outperform” rating and set a $217.00 price objective (up from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 price objective on shares of Alphabet in a research note on Wednesday, October 30th. Finally, Scotiabank raised Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $205.90.

Insider Activity

In related news, Director Frances Arnold sold 441 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the transaction, the director now owns 16,490 shares in the company, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,835 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the sale, the chief accounting officer now owns 29,182 shares in the company, valued at $4,421,948.46. The trade was a 8.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,295 shares of company stock valued at $30,698,791. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Up 1.6 %

Shares of GOOGL opened at $178.12 on Wednesday. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.23 and a beta of 1.03. The company has a 50-day moving average price of $166.74 and a two-hundred day moving average price of $170.36. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period in the previous year, the business earned $1.55 earnings per share. Equities analysts predict that Alphabet Inc. will post 7.99 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Alphabet’s payout ratio is 10.61%.

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.