Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Northstar Advisory Group LLC

Northstar Advisory Group LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,468 shares of the information services provider’s stock after purchasing an additional 561 shares during the quarter. Alphabet makes up approximately 1.1% of Northstar Advisory Group LLC’s holdings, making the stock its 29th biggest holding. Northstar Advisory Group LLC’s holdings in Alphabet were worth $1,907,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GOOGL. Privium Fund Management UK Ltd raised its position in shares of Alphabet by 6.6% during the 2nd quarter. Privium Fund Management UK Ltd now owns 57,691 shares of the information services provider’s stock valued at $10,701,000 after acquiring an additional 3,591 shares in the last quarter. Naviter Wealth LLC lifted its position in shares of Alphabet by 40.2% in the 2nd quarter. Naviter Wealth LLC now owns 56,790 shares of the information services provider’s stock worth $10,344,000 after buying an additional 16,295 shares during the last quarter. Magnus Financial Group LLC boosted its holdings in shares of Alphabet by 8.6% in the 2nd quarter. Magnus Financial Group LLC now owns 31,756 shares of the information services provider’s stock valued at $5,784,000 after buying an additional 2,514 shares during the period. LMG Wealth Partners LLC grew its position in shares of Alphabet by 4.5% during the 2nd quarter. LMG Wealth Partners LLC now owns 10,172 shares of the information services provider’s stock valued at $1,853,000 after buying an additional 441 shares during the last quarter. Finally, Little House Capital LLC raised its stake in Alphabet by 26.1% during the second quarter. Little House Capital LLC now owns 54,716 shares of the information services provider’s stock worth $9,967,000 after acquiring an additional 11,316 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $158.06 on Tuesday. The company has a market cap of $1.95 trillion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04. The company’s fifty day moving average is $166.84 and its two-hundred day moving average is $165.01. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $120.21 and a 12-month high of $191.75.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same period in the prior year, the business earned $1.44 EPS. Equities analysts expect that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet’s payout ratio is 12.27%.

Analyst Ratings Changes

GOOGL has been the subject of several recent research reports. Piper Sandler lowered their target price on Alphabet from $206.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. Roth Mkm reiterated a “buy” rating and issued a $206.00 target price on shares of Alphabet in a research note on Thursday, August 29th. Bank of America raised their price target on shares of Alphabet from $200.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Evercore ISI cut their target price on Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.08.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the transaction, the chief accounting officer now owns 29,182 shares in the company, valued at $4,421,948.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $185.85, for a total transaction of $278,775.00. Following the completion of the sale, the director now owns 30,824 shares of the company’s stock, valued at $5,728,640.40. The disclosure for this sale can be found here. Insiders have sold 180,167 shares of company stock worth $30,139,931 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Company 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.