Advance Capital Management Inc. Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Advance Capital Management Inc. raised its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,406 shares of the information services provider’s stock after purchasing an additional 107 shares during the quarter. Advance Capital Management Inc.’s holdings in Alphabet were worth $1,071,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. XML Financial LLC boosted its holdings in Alphabet by 12.0% in the 4th quarter. XML Financial LLC now owns 13,546 shares of the information services provider’s stock worth $1,909,000 after buying an additional 1,449 shares during the last quarter. Lighthouse Investment Partners LLC lifted its position in shares of Alphabet by 151.9% in the fourth quarter. Lighthouse Investment Partners LLC now owns 20,640 shares of the information services provider’s stock valued at $2,909,000 after acquiring an additional 12,447 shares in the last quarter. Unigestion Holding SA boosted its stake in shares of Alphabet by 8.1% in the fourth quarter. Unigestion Holding SA now owns 11,322 shares of the information services provider’s stock worth $1,596,000 after acquiring an additional 851 shares during the last quarter. Whitford Management LLC purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $7,973,000. Finally, VitalStone Financial LLC raised its stake in Alphabet by 40.5% in the 4th quarter. VitalStone Financial LLC now owns 1,089 shares of the information services provider’s stock valued at $153,000 after purchasing an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $164.91 on Tuesday. The company has a 50-day simple moving average of $163.53 and a 200-day simple moving average of $168.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a one year low of $121.46 and a one year high of $193.31.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS 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 firm had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. During the same quarter last year, the business earned $1.44 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts predict that Alphabet Inc. will post 7.63 EPS for the current year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GOOG. DA Davidson upgraded Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Cantor Fitzgerald raised shares of Alphabet to a “hold” rating in a research report on Thursday, September 5th. Pivotal Research initiated coverage on Alphabet in a research report on Tuesday, October 1st. They issued a “buy” rating and a $215.00 target price on the stock. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a research report on Friday, June 28th. Finally, Wolfe Research upgraded Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $184.11.

Insider Activity at Alphabet

In other news, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 217,592 shares of company stock valued at $35,922,911 in the last ninety days. Corporate insiders own 12.99% 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.