W Advisors LLC Buys 97 Shares of Alphabet Inc. (NASDAQ:GOOGL)

W Advisors LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,146 shares of the information services provider’s stock after purchasing an additional 97 shares during the quarter. W Advisors LLC’s holdings in Alphabet were worth $937,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Lynch & Associates IN increased its holdings in shares of Alphabet by 0.7% during the 2nd quarter. Lynch & Associates IN now owns 30,026 shares of the information services provider’s stock worth $5,469,000 after purchasing an additional 221 shares during the period. Custom Index Systems LLC increased its holdings in shares of Alphabet by 3.2% during the 2nd quarter. Custom Index Systems LLC now owns 11,784 shares of the information services provider’s stock worth $2,146,000 after purchasing an additional 364 shares during the period. Acadian Asset Management LLC increased its stake in Alphabet by 18.8% in the second quarter. Acadian Asset Management LLC now owns 5,799,636 shares of the information services provider’s stock valued at $1,056,362,000 after acquiring an additional 917,339 shares during the period. Otter Creek Advisors LLC increased its stake in Alphabet by 110.2% in the second quarter. Otter Creek Advisors LLC now owns 43,672 shares of the information services provider’s stock valued at $7,955,000 after acquiring an additional 22,900 shares during the period. Finally, Gallacher Capital Management LLC increased its stake in Alphabet by 40.0% in the second quarter. Gallacher Capital Management LLC now owns 5,373 shares of the information services provider’s stock valued at $979,000 after acquiring an additional 1,536 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 0.9 %

Shares of NASDAQ GOOGL opened at $163.59 on Friday. The company’s 50 day simple moving average is $164.72 and its 200 day simple moving average is $165.55. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. The firm has a market capitalization of $2.02 trillion, a P/E ratio of 25.09, a P/E/G ratio of 1.13 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

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

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, September 9th. Alphabet’s payout ratio is presently 12.27%.

Insider Buying and Selling at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the sale, the senior vice president now owns 9 shares of the company’s stock, valued at $1,655.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the sale, the senior vice president now owns 9 shares of the company’s stock, valued at $1,655.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the sale, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,167 shares of company stock valued at $29,762,606. Corporate insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $200.00 target price on shares of Alphabet in a research note on Monday, September 16th. BMO Capital Markets reissued an “outperform” rating and issued a $222.00 target price on shares of Alphabet in a research note on Monday, September 16th. Mizuho upped their target price on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Friday, August 30th. Finally, Roth Mkm reissued a “buy” rating and issued a $206.00 target price on shares of Alphabet in a research note on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $201.08.

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.