Fiduciary Planning LLC Raises Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Fiduciary Planning LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,287 shares of the information services provider’s stock after purchasing an additional 215 shares during the period. Alphabet makes up about 0.5% of Fiduciary Planning LLC’s portfolio, making the stock its 28th biggest position. Fiduciary Planning LLC’s holdings in Alphabet were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lafayette Investments Inc. raised its holdings in shares of Alphabet by 18.0% during the third quarter. Lafayette Investments Inc. now owns 3,579 shares of the information services provider’s stock valued at $594,000 after acquiring an additional 547 shares during the last quarter. Commonwealth Financial Services LLC increased its position in shares of Alphabet by 13.4% during the third quarter. Commonwealth Financial Services LLC now owns 3,614 shares of the information services provider’s stock worth $604,000 after purchasing an additional 427 shares in the last quarter. Grassi Investment Management lifted its holdings in Alphabet by 2.9% in the 3rd quarter. Grassi Investment Management now owns 55,545 shares of the information services provider’s stock valued at $9,212,000 after purchasing an additional 1,555 shares in the last quarter. Greystone Financial Group LLC boosted its stake in Alphabet by 9.5% during the 3rd quarter. Greystone Financial Group LLC now owns 14,683 shares of the information services provider’s stock worth $2,435,000 after purchasing an additional 1,278 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. raised its position in shares of Alphabet by 1.2% in the third quarter. Beese Fulmer Investment Management Inc. now owns 145,796 shares of the information services provider’s stock valued at $24,180,000 after buying an additional 1,745 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet 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 in the company, valued at approximately $5,136,807.48. This trade 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 is accessible through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total value of $109,420.08. Following the transaction, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at approximately $5,136,807.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at $354,310,204.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 232,052 shares of company stock valued at $38,086,723 over the last 90 days. Insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Evercore ISI boosted their price objective on shares of Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. KeyCorp upped their target price on shares of Alphabet from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler restated an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $205.51.

Alphabet Stock Down 1.2 %

Shares of NASDAQ GOOGL opened at $169.24 on Tuesday. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 22.45, a PEG ratio of 1.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 1.95. Alphabet Inc. has a 52 week low of $127.90 and a 52 week high of $191.75. The stock’s fifty day moving average is $162.49 and its 200 day moving average is $169.20.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the prior year, the business posted $1.55 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 7.91 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s payout ratio is 10.61%.

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.