Jaffetilchin Investment Partners LLC Has $14.63 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Jaffetilchin Investment Partners LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,221 shares of the information services provider’s stock after buying an additional 8,783 shares during the period. Alphabet makes up about 1.1% of Jaffetilchin Investment Partners LLC’s investment portfolio, making the stock its 22nd biggest position. Jaffetilchin Investment Partners LLC’s holdings in Alphabet were worth $14,631,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Core Wealth Partners LLC raised its position in shares of Alphabet by 10.4% in the 3rd quarter. Core Wealth Partners LLC now owns 11,754 shares of the information services provider’s stock valued at $1,950,000 after acquiring an additional 1,106 shares during the period. GDS Wealth Management grew its holdings in Alphabet by 3.0% during the third quarter. GDS Wealth Management now owns 114,056 shares of the information services provider’s stock valued at $18,916,000 after purchasing an additional 3,354 shares during the period. TRU Independence Asset Management 2 LLC bought a new stake in Alphabet in the third quarter valued at approximately $820,000. Catalytic Wealth RIA LLC boosted its position in shares of Alphabet by 22.2% during the third quarter. Catalytic Wealth RIA LLC now owns 62,046 shares of the information services provider’s stock worth $10,290,000 after purchasing an additional 11,254 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its position in shares of Alphabet by 30.1% during the third quarter. Chartwell Investment Partners LLC now owns 91,082 shares of the information services provider’s stock worth $15,106,000 after purchasing an additional 21,073 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the sale, the chief executive officer now owns 2,061,806 shares of the company’s stock, valued at approximately $364,259,266.02. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the sale, the director now directly owns 330,466 shares in the company, valued at approximately $59,741,643.48. This trade represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,795 shares of company stock worth $34,673,866 over the last 90 days. Insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $217.00 target price (up from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Morgan Stanley increased their target price on Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research note on Thursday, October 24th. Pivotal Research increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, KeyCorp upped their target price on shares of Alphabet from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $205.90.

Alphabet Stock Performance

Shares of Alphabet stock opened at $167.65 on Tuesday. 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 company has a market cap of $2.05 trillion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 1.17 and a beta of 1.03. The company has a 50 day moving average of $167.83 and a 200-day moving average of $170.34. Alphabet Inc. has a 1-year low of $127.90 and a 1-year high of $191.75.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping 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 firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the prior year, the company earned $1.55 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

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.