Leslie Global Wealth LLC Has $364,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Leslie Global Wealth LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,193 shares of the information services provider’s stock after purchasing an additional 129 shares during the period. Leslie Global Wealth LLC’s holdings in Alphabet were worth $364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GOOGL. Financial Security Advisor Inc. grew its stake in shares of Alphabet by 7.9% during the third quarter. Financial Security Advisor Inc. now owns 36,261 shares of the information services provider’s stock valued at $6,014,000 after purchasing an additional 2,650 shares during the last quarter. Catalina Capital Group LLC boosted its position in Alphabet by 5.5% in the 3rd quarter. Catalina Capital Group LLC now owns 21,171 shares of the information services provider’s stock valued at $3,511,000 after buying an additional 1,096 shares during the last quarter. Marks Group Wealth Management Inc increased its stake in shares of Alphabet by 3.2% in the 3rd quarter. Marks Group Wealth Management Inc now owns 6,385 shares of the information services provider’s stock valued at $1,059,000 after buying an additional 200 shares during the period. JFG Wealth Management LLC raised its position in shares of Alphabet by 48.2% during the third quarter. JFG Wealth Management LLC now owns 2,981 shares of the information services provider’s stock worth $495,000 after acquiring an additional 970 shares during the last quarter. Finally, Financial Partners Group Inc lifted its stake in shares of Alphabet by 1.9% during the third quarter. Financial Partners Group Inc now owns 53,877 shares of the information services provider’s stock valued at $8,935,000 after acquiring an additional 1,029 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $175.30 on Tuesday. The firm has a market capitalization of $2.15 trillion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average price is $166.15 and its two-hundred day moving average price is $170.28. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the prior year, the firm earned $1.55 EPS. As a group, research analysts anticipate that Alphabet Inc. will post 7.99 EPS for the current 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 given a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet’s payout ratio is 10.61%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,835 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now owns 29,182 shares in the company, valued at $4,421,948.46. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total value of $3,772,350.00. Following the transaction, the chief executive officer now owns 2,159,885 shares in the company, valued at approximately $362,126,319.10. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 206,795 shares of company stock worth $34,471,141. 11.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GOOGL. UBS Group boosted their price objective on Alphabet from $200.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. BMO Capital Markets restated an “outperform” rating and issued a $217.00 price objective (up from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Truist Financial upped their target price on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. KeyCorp raised their price target on Alphabet from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Roth Mkm upped their price objective on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $205.90.

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.