Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 14.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,824 shares of the information services provider’s stock after buying an additional 9,759 shares during the period. Alphabet accounts for approximately 1.1% of Sheaff Brock Investment Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Sheaff Brock Investment Advisors LLC’s holdings in Alphabet were worth $12,575,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc grew its stake in shares of Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after purchasing an additional 60 shares in the last quarter. Kings Path Partners LLC bought a new position in shares of Alphabet in the second quarter worth $36,000. Denver PWM LLC bought a new position in shares of Alphabet in the second quarter worth $41,000. Quarry LP bought a new position in shares of Alphabet in the second quarter worth $53,000. Finally, Summit Securities Group LLC bought a new position in shares of Alphabet in the second quarter worth $55,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated 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 sale, the chief accounting officer now directly owns 32,017 shares in the company, valued at $5,136,807.48. The trade was a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 206,795 shares of company stock worth $34,673,866 in the last three months. 11.55% of the stock is owned by insiders.

Alphabet Trading Up 0.1 %

Shares of NASDAQ GOOGL opened at $169.23 on Friday. Alphabet Inc. has a one year low of $127.90 and a one year high of $191.75. The firm has a market capitalization of $2.07 trillion, a PE ratio of 22.44, a PEG ratio of 1.19 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 business has a 50-day moving average price of $168.36 and a two-hundred day moving average price of $170.33.

Alphabet (NASDAQ:GOOGL) last announced its quarterly 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 business had revenue of $88.27 billion during 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 earned $1.55 EPS. As a group, analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio is 10.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Phillip Securities raised Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Morgan Stanley raised their target price on Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Bank of America raised their target price on Alphabet from $206.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein raised their target price on Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research note 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.