Game Plan Financial Advisors LLC Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Game Plan Financial Advisors LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 18.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,150 shares of the information services provider’s stock after buying an additional 335 shares during the period. Game Plan Financial Advisors LLC’s holdings in Alphabet were worth $392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwest Financial Advisors acquired a new position in shares of Alphabet during the 4th quarter valued at $112,000. First City Capital Management Inc. boosted its position in shares of Alphabet by 4.8% in the fourth quarter. First City Capital Management Inc. now owns 6,543 shares of the information services provider’s stock worth $914,000 after buying an additional 300 shares during the period. Warther Private Wealth LLC grew its stake in shares of Alphabet by 2.2% in the fourth quarter. Warther Private Wealth LLC now owns 107,081 shares of the information services provider’s stock valued at $14,958,000 after buying an additional 2,270 shares in the last quarter. Royal Capital Wealth Management LLC raised its holdings in shares of Alphabet by 39.1% during the 4th quarter. Royal Capital Wealth Management LLC now owns 15,639 shares of the information services provider’s stock valued at $2,185,000 after buying an additional 4,400 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Alphabet by 9.1% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 155,272 shares of the information services provider’s stock worth $21,690,000 after acquiring an additional 12,895 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GOOGL. Wedbush reaffirmed an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a research report on Thursday, September 5th. Jefferies Financial Group boosted their price objective on shares of Alphabet from $215.00 to $220.00 in a report on Tuesday, July 9th. JMP Securities restated a “market outperform” rating and set a $200.00 target price on shares of Alphabet in a research note on Tuesday, July 30th. Bank of America lifted their target price on Alphabet from $200.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Mizuho raised their price objective on Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $201.76.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $157.46 on Friday. The stock’s 50 day moving average price is $167.46 and its 200 day moving average price is $164.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.13 and a beta of 1.04. Alphabet Inc. has a 12 month low of $120.21 and a 12 month high of $191.75.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. During the same quarter in the previous year, the business earned $1.44 EPS. Equities research analysts anticipate that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value of $125,126.54. Following the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider John Kent Walker sold 21,467 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 39,334 shares in the company, valued at approximately $6,307,206.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the transaction, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The disclosure for this sale can be found here. Insiders have sold 179,367 shares of company stock valued at $30,016,931 in the last quarter. Insiders own 11.55% of the company’s stock.

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.