Bradley Foster & Sargent Inc. CT Buys 1,247 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Bradley Foster & Sargent Inc. CT increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,204,348 shares of the information services provider’s stock after buying an additional 1,247 shares during the quarter. Alphabet comprises 4.0% of Bradley Foster & Sargent Inc. CT’s portfolio, making the stock its 3rd largest position. Bradley Foster & Sargent Inc. CT’s holdings in Alphabet were worth $219,372,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. DecisionPoint Financial LLC increased its stake in Alphabet by 25.0% during the 2nd quarter. DecisionPoint Financial LLC now owns 1,211 shares of the information services provider’s stock worth $208,000 after buying an additional 242 shares during the period. Foresight Global Investors Inc. grew its stake in shares of Alphabet by 14.3% during the second quarter. Foresight Global Investors Inc. now owns 8,972 shares of the information services provider’s stock valued at $1,634,000 after acquiring an additional 1,125 shares in the last quarter. L & S Advisors Inc increased its position in shares of Alphabet by 77.3% during the second quarter. L & S Advisors Inc now owns 106,052 shares of the information services provider’s stock worth $19,317,000 after acquiring an additional 46,223 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Alphabet by 10.9% in the second quarter. Axxcess Wealth Management LLC now owns 203,376 shares of the information services provider’s stock worth $36,306,000 after acquiring an additional 19,961 shares in the last quarter. Finally, Perennial Investment Advisors LLC boosted its holdings in Alphabet by 5.2% in the second quarter. Perennial Investment Advisors LLC now owns 22,699 shares of the information services provider’s stock valued at $4,135,000 after purchasing an additional 1,126 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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 Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at $5,264,112. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the sale, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 21,467 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the sale, the insider now directly owns 39,334 shares of the company’s stock, valued at $6,307,206.90. The disclosure for this sale can be found here. Insiders have sold 193,725 shares of company stock valued at $31,933,031 in the last quarter. Insiders own 11.55% of the company’s stock.

Alphabet Trading Up 0.7 %

Alphabet stock opened at $166.99 on Wednesday. Alphabet Inc. has a 12-month low of $120.21 and a 12-month high of $191.75. 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 capitalization of $2.06 trillion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The firm has a 50 day simple moving average of $162.22 and a 200-day simple moving average of $167.02.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. During the same period last year, the company posted $1.44 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GOOGL. Tigress Financial upped their target price on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 26th. Guggenheim increased their price objective on shares of Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Piper Sandler reissued an “overweight” rating and set a $200.00 price objective on shares of Alphabet in a report on Monday. Argus upped their target price on shares of Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.35.

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.