Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 41.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,192 shares of the information services provider’s stock after purchasing an additional 5,306 shares during the quarter. Diversify Wealth Management LLC’s holdings in Alphabet were worth $2,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Associates Ltd. boosted its position in Alphabet by 1.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 371,350 shares of the information services provider’s stock worth $61,588,000 after acquiring an additional 6,100 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in shares of Alphabet by 5.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 293,152 shares of the information services provider’s stock valued at $48,619,000 after buying an additional 15,019 shares during the last quarter. Edge Financial Advisors LLC acquired a new stake in shares of Alphabet during the 3rd quarter valued at about $353,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Alphabet by 2.8% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,075,846 shares of the information services provider’s stock valued at $500,502,000 after buying an additional 83,365 shares during the last quarter. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Alphabet during the 3rd quarter valued at about $3,131,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In related news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated 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 sale, the chief accounting officer now directly owns 32,017 shares in the company, valued at $5,136,807.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 241,752 shares of company stock valued at $40,156,829 over the last 90 days. 11.55% of the stock is owned by company insiders.

Alphabet Price Performance

Alphabet stock opened at $180.35 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $2.21 trillion, a P/E ratio of 23.92, a P/E/G ratio of 1.27 and a beta of 1.03. The business’s fifty day moving average is $163.54 and its two-hundred day moving average is $169.74. Alphabet Inc. has a 52 week low of $127.90 and a 52 week high of $191.75.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GOOGL. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Wednesday, October 30th. Argus boosted their target price on Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Pivotal Research boosted their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup boosted their target price on Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group reduced their target price on Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.90.

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.