Northwest Investment Counselors LLC Has $2.94 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Northwest Investment Counselors LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 17,742 shares of the information services provider’s stock after buying an additional 147 shares during the period. Northwest Investment Counselors LLC’s holdings in Alphabet were worth $2,943,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. River Street Advisors LLC increased its position in Alphabet by 9.0% during the first quarter. River Street Advisors LLC now owns 14,652 shares of the information services provider’s stock worth $2,211,000 after acquiring an additional 1,208 shares during the period. Richardson Capital Management LLC raised its position in shares of Alphabet by 87.5% in the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after buying an additional 140 shares in the last quarter. Cornerstone Wealth Group LLC grew its position in Alphabet by 60.5% during the first quarter. Cornerstone Wealth Group LLC now owns 62,799 shares of the information services provider’s stock worth $9,478,000 after buying an additional 23,684 shares in the last quarter. Avalon Capital Management increased its stake in Alphabet by 10.0% during the 1st quarter. Avalon Capital Management now owns 193,631 shares of the information services provider’s stock worth $29,225,000 after acquiring an additional 17,540 shares during the period. Finally, Gradient Capital Advisors LLC raised its holdings in Alphabet by 1.4% in the 1st quarter. Gradient Capital Advisors LLC now owns 21,245 shares of the information services provider’s stock valued at $3,207,000 after acquiring an additional 290 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Trading Down 1.9 %

NASDAQ GOOGL opened at $171.11 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $162.32 and a 200 day simple moving average of $168.79. Alphabet Inc. has a 12 month low of $122.68 and a 12 month high of $191.75. The firm has a market capitalization of $2.11 trillion, a P/E ratio of 26.24, a PEG ratio of 1.27 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period last year, the firm earned $1.55 earnings per share. On average, analysts predict that Alphabet Inc. will post 7.65 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio is presently 12.27%.

Analysts Set New Price Targets

Several research firms recently weighed in on GOOGL. Argus upped their price objective on shares of Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Citigroup upped their price objective on Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. 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 note on Wednesday. DA Davidson began coverage on shares of Alphabet in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price target on the stock. Finally, Jefferies Financial Group upped their price objective on shares of Alphabet from $215.00 to $220.00 in a research report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.51.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the transaction, the chief accounting officer now owns 32,017 shares in the company, valued at $5,136,807.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the transaction, the chief accounting officer now directly owns 32,017 shares of the company’s stock, valued at $5,136,807.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the sale, the chief executive officer now owns 2,159,885 shares of the company’s stock, valued at approximately $362,126,319.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,744 shares of company stock worth $35,878,764. 11.55% of the stock is owned by company insiders.

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.