White Lighthouse Investment Management Inc. Grows Holdings in Alphabet Inc. (NASDAQ:GOOGL)

White Lighthouse Investment Management Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,480 shares of the information services provider’s stock after acquiring an additional 74 shares during the period. White Lighthouse Investment Management Inc.’s holdings in Alphabet were worth $1,572,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GOOGL. Armor Investment Advisors LLC increased its position in Alphabet by 2.5% during the 3rd quarter. Armor Investment Advisors LLC now owns 9,739 shares of the information services provider’s stock valued at $1,615,000 after buying an additional 233 shares in the last quarter. Foster & Motley Inc. grew its stake in shares of Alphabet by 11.3% in the third quarter. Foster & Motley Inc. now owns 10,227 shares of the information services provider’s stock worth $1,696,000 after acquiring an additional 1,040 shares during the last quarter. Radnor Capital Management LLC increased its holdings in shares of Alphabet by 9.4% during the third quarter. Radnor Capital Management LLC now owns 27,683 shares of the information services provider’s stock valued at $4,591,000 after acquiring an additional 2,385 shares in the last quarter. AHL Investment Management Inc. purchased a new position in shares of Alphabet in the 3rd quarter worth about $821,000. Finally, Leslie Global Wealth LLC boosted its stake in Alphabet by 6.3% in the 3rd quarter. Leslie Global Wealth LLC now owns 2,193 shares of the information services provider’s stock worth $364,000 after purchasing an additional 129 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at approximately $5,136,807.48. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $158.68, for a total value of $3,570,300.00. Following the completion of the sale, the chief executive officer now directly owns 2,137,385 shares in the company, valued at approximately $339,160,251.80. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 184,295 shares of company stock worth $30,698,791 over the last quarter. Insiders own 11.55% of the company’s stock.

Alphabet Stock Up 1.6 %

GOOGL opened at $178.12 on Wednesday. Alphabet Inc. has a fifty-two week low of $127.90 and a fifty-two week high of $191.75. 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 stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03. The firm’s fifty day moving average is $166.74 and its 200 day moving average is $170.36.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data 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. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same period in the previous year, the business earned $1.55 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of analyst reports. Loop Capital raised their price objective on shares of Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Wells Fargo & Company raised their price target on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. DA Davidson started coverage on Alphabet in a report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 target price for the company. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $181.00 price target on shares of Alphabet in a report on Wednesday, July 24th. 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, Alphabet presently has an average rating of “Moderate Buy” and a consensus 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.