Apollon Financial LLC Acquires 147 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Apollon Financial LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,192 shares of the information services provider’s stock after buying an additional 147 shares during the quarter. Alphabet makes up approximately 2.4% of Apollon Financial LLC’s portfolio, making the stock its 14th biggest position. Apollon Financial LLC’s holdings in Alphabet were worth $8,158,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. grew its holdings in Alphabet by 70.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider’s stock worth $15,279,000 after acquiring an additional 41,880 shares during the period. Quent Capital LLC increased its holdings in Alphabet by 3.6% in the first quarter. Quent Capital LLC now owns 31,171 shares of the information services provider’s stock worth $4,705,000 after purchasing an additional 1,072 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new position in Alphabet in the first quarter valued at approximately $382,000. Leelyn Smith LLC boosted its holdings in shares of Alphabet by 209.8% during the 1st quarter. Leelyn Smith LLC now owns 37,995 shares of the information services provider’s stock worth $5,735,000 after buying an additional 25,730 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of Alphabet during the 1st quarter worth approximately $4,635,000. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GOOGL shares. Morgan Stanley boosted their target price on shares of Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. DA Davidson started coverage on shares of Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective on the stock. Evercore ISI boosted their target price on Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial upped their price target on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Seven investment 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 company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $205.90.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 441 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the sale, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the completion of the sale, the director now owns 330,466 shares in the company, valued at $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 206,795 shares of company stock worth $34,673,866 over the last quarter. Corporate insiders own 11.55% of the company’s stock.

Alphabet Trading Up 0.9 %

NASDAQ:GOOGL opened at $169.12 on Wednesday. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. 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 50 day moving average is $168.03 and its 200 day moving average is $170.35. The stock has a market capitalization of $2.07 trillion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.17 and a beta of 1.03.

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 the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the previous year, the company posted $1.55 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. Alphabet’s dividend payout ratio 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.