Horst & Graben Wealth Management LLC Has $312,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Horst & Graben Wealth Management LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 45.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,879 shares of the information services provider’s stock after purchasing an additional 589 shares during the quarter. Horst & Graben Wealth Management LLC’s holdings in Alphabet were worth $312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Evernest Financial Advisors LLC boosted its stake in shares of Alphabet by 4.0% in the third quarter. Evernest Financial Advisors LLC now owns 12,036 shares of the information services provider’s stock valued at $1,996,000 after buying an additional 460 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in Alphabet by 4.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 163,806 shares of the information services provider’s stock valued at $27,167,000 after purchasing an additional 7,313 shares during the last quarter. Stewardship Advisors LLC bought a new stake in Alphabet during the 3rd quarter worth $533,000. Northwest Investment Counselors LLC raised its holdings in Alphabet by 0.8% in the 3rd quarter. Northwest Investment Counselors LLC now owns 17,742 shares of the information services provider’s stock valued at $2,943,000 after buying an additional 147 shares during the last quarter. Finally, Little House Capital LLC increased its holdings in Alphabet by 15.9% in the third quarter. Little House Capital LLC now owns 63,422 shares of the information services provider’s stock valued at $10,519,000 after purchasing an additional 8,706 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the transaction, the chief accounting officer now owns 29,183 shares in the company, valued at approximately $4,927,257.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the sale, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at $4,927,257.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 219,744 shares of company stock worth $35,878,764. Company insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent analyst reports. Sanford C. Bernstein boosted their price target on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday. Guggenheim boosted their target price on shares of Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Alphabet in a report on Wednesday. Roth Mkm upped their price objective on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Tigress Financial boosted their target price on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.51.

Alphabet Stock Performance

NASDAQ GOOGL opened at $171.11 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The company has a 50-day simple moving average of $162.32 and a two-hundred day simple moving average of $168.79. The firm has a market cap of $2.11 trillion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a 12-month low of $122.68 and a 12-month high of $191.75.

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

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.47%. Alphabet’s payout ratio is 12.27%.

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.