Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 11.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,901 shares of the information services provider’s stock after buying an additional 14,877 shares during the period. Alphabet makes up 1.2% of Venturi Wealth Management LLC’s holdings, making the stock its 16th biggest position. Venturi Wealth Management LLC’s holdings in Alphabet were worth $23,369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jaffetilchin Investment Partners LLC lifted its stake in Alphabet by 11.1% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 88,221 shares of the information services provider’s stock worth $14,631,000 after purchasing an additional 8,783 shares in the last quarter. Core Wealth Partners LLC increased its holdings in shares of Alphabet by 10.4% in the third quarter. Core Wealth Partners LLC now owns 11,754 shares of the information services provider’s stock valued at $1,950,000 after purchasing an additional 1,106 shares during the last quarter. GDS Wealth Management lifted its position in Alphabet by 3.0% during the third quarter. GDS Wealth Management now owns 114,056 shares of the information services provider’s stock worth $18,916,000 after buying an additional 3,354 shares in the last quarter. TRU Independence Asset Management 2 LLC acquired a new position in Alphabet during the third quarter worth $820,000. Finally, Catalytic Wealth RIA LLC boosted its stake in 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 buying an additional 11,254 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 21,467 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the transaction, the insider now owns 39,334 shares in the company, valued at $6,307,206.90. This trade represents a 35.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were 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 owns 2,137,385 shares of the company’s stock, valued at approximately $339,160,251.80. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,795 shares of company stock valued at $34,673,866. 11.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GOOGL shares. Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Truist Financial increased their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Pivotal Research lifted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Seven investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.90.

Alphabet Stock Performance

Shares of GOOGL stock opened at $167.65 on Tuesday. The company has a market cap of $2.05 trillion, a P/E ratio of 22.23, a PEG ratio of 1.17 and a beta of 1.03. The firm has a fifty day moving average price of $167.83 and a 200 day moving average price of $170.34. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) 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 business 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 firm posted $1.55 EPS. Sell-side analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.48%. Alphabet’s dividend payout ratio is currently 10.61%.

Alphabet 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.