Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by American Planning Services Inc.

American Planning Services Inc. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 500.1% during the second quarter, Holdings Channel.com reports. The firm owned 16,587 shares of the information services provider’s stock after acquiring an additional 13,823 shares during the period. Alphabet comprises 2.1% of American Planning Services Inc.’s investment portfolio, making the stock its 13th biggest holding. American Planning Services Inc.’s holdings in Alphabet were worth $3,021,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc lifted its position in shares of Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after buying an additional 60 shares in the last quarter. Kings Path Partners LLC acquired a new position in Alphabet during the second quarter worth $36,000. Tributary Capital Management LLC acquired a new stake in shares of Alphabet in the first quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $30,000. Finally, Denver PWM LLC purchased a new position in Alphabet in the 2nd quarter valued at about $41,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GOOGL. Evercore ISI reduced their target price on Alphabet from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, September 16th. TD Securities increased their price objective on Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Wedbush restated an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a report on Thursday, September 5th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $181.00 target price on shares of Alphabet in a report on Wednesday, July 24th. Finally, Truist Financial reissued a “buy” rating and issued a $196.00 price target on shares of Alphabet in a research note on Monday, September 16th. Eight analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.35.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the transaction, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director John L. Hennessy sold 700 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $165.00, for a total value of $115,500.00. Following the completion of the transaction, the director now owns 27,824 shares in the company, valued at approximately $4,590,960. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total transaction of $125,126.54. Following the sale, the chief accounting officer now owns 30,650 shares in the company, valued at $5,623,355.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 177,605 shares of company stock valued at $29,277,931. Insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $163.95 on Monday. Alphabet Inc. has a 52 week low of $120.21 and a 52 week high of $191.75. The company has a fifty day simple moving average of $162.83 and a two-hundred day simple moving average of $166.68. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.03 trillion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same quarter in the prior year, the business earned $1.44 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 7.63 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

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.