Fullcircle Wealth LLC Raises Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Fullcircle Wealth LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 12,307 shares of the information services provider’s stock after purchasing an additional 69 shares during the period. Alphabet accounts for approximately 0.9% of Fullcircle Wealth LLC’s portfolio, making the stock its 24th biggest holding. Fullcircle Wealth LLC’s holdings in Alphabet were worth $2,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ceredex Value Advisors LLC raised its position in shares of Alphabet by 44.6% in the third quarter. Ceredex Value Advisors LLC now owns 235,214 shares of the information services provider’s stock valued at $39,010,000 after buying an additional 72,536 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Alphabet by 1.2% during the third quarter. Chicago Partners Investment Group LLC now owns 63,801 shares of the information services provider’s stock worth $10,386,000 after acquiring an additional 734 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Alphabet by 9.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 117,365 shares of the information services provider’s stock valued at $19,463,000 after acquiring an additional 10,044 shares in the last quarter. Dash Acquisitions Inc. raised its holdings in Alphabet by 0.7% in the 3rd quarter. Dash Acquisitions Inc. now owns 9,656 shares of the information services provider’s stock valued at $1,596,000 after acquiring an additional 67 shares during the last quarter. Finally, Weatherly Asset Management L. P. lifted its stake in Alphabet by 2.6% in the 3rd quarter. Weatherly Asset Management L. P. now owns 107,148 shares of the information services provider’s stock worth $17,770,000 after purchasing an additional 2,731 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GOOGL shares. Sanford C. Bernstein upped their price target on Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped their target price on Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Loop Capital boosted their price target on shares of Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley upped their price objective on shares of Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five 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 $205.90.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the transaction, the director now directly owns 319,966 shares of the company’s stock, valued at approximately $56,765,168.06. This represents a 3.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the sale, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. This trade represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,795 shares of company stock valued at $34,471,141. Insiders own 11.55% of the company’s stock.

Alphabet Trading Down 1.8 %

GOOGL opened at $175.58 on Friday. The business has a fifty day moving average price of $164.82 and a 200 day moving average price of $170.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The stock has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 23.29, a PEG ratio of 1.29 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter last year, the business posted $1.55 EPS. Sell-side analysts expect 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. Shareholders 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 yield of 0.46%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

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.