Bordeaux Wealth Advisors LLC Purchases 611 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Bordeaux Wealth Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 100,634 shares of the information services provider’s stock after acquiring an additional 611 shares during the period. Alphabet comprises 3.5% of Bordeaux Wealth Advisors LLC’s investment portfolio, making the stock its 7th largest position. Bordeaux Wealth Advisors LLC’s holdings in Alphabet were worth $18,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of GOOGL. Wealthcare Capital Management LLC increased its position in shares of Alphabet by 6.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 2,431 shares of the information services provider’s stock worth $340,000 after acquiring an additional 138 shares during the period. Eagle Bay Advisors LLC grew its holdings in shares of Alphabet by 22.7% during the fourth quarter. Eagle Bay Advisors LLC now owns 13,125 shares of the information services provider’s stock worth $1,833,000 after purchasing an additional 2,426 shares during the last quarter. Wade G W & Inc. grew its holdings in shares of Alphabet by 22.0% during the fourth quarter. Wade G W & Inc. now owns 110,260 shares of the information services provider’s stock worth $15,402,000 after purchasing an additional 19,880 shares during the last quarter. Barings LLC grew its holdings in shares of Alphabet by 1.6% during the fourth quarter. Barings LLC now owns 32,786 shares of the information services provider’s stock worth $4,580,000 after purchasing an additional 507 shares during the last quarter. Finally, Guardian Capital LP grew its holdings in shares of Alphabet by 3.4% during the fourth quarter. Guardian Capital LP now owns 90,704 shares of the information services provider’s stock worth $12,670,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GOOGL shares. Mizuho raised their price objective on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Argus increased their target price on shares of Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Company raised their price objective on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Roth Mkm reaffirmed a “buy” rating and issued a $206.00 target price on shares of Alphabet in a research note on Thursday, August 29th. Finally, Cantor Fitzgerald assumed coverage on shares of Alphabet in a research note on Thursday, September 5th. They issued a “neutral” rating and a $190.00 target price for the company. Eight research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $201.08.

Insider Activity

In related news, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the sale, the senior vice president now owns 9 shares of the company’s stock, valued at $1,655.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 3,262 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the sale, the senior vice president now directly owns 9 shares in the company, valued at $1,655.91. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value of $125,126.54. Following the sale, the chief accounting officer now owns 30,650 shares in the company, valued at approximately $5,623,355.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 180,167 shares of company stock valued at $29,762,606. 11.55% of the stock is currently owned by company insiders.

Alphabet Trading Up 0.3 %

NASDAQ:GOOGL opened at $159.81 on Thursday. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75. The business’s 50-day simple moving average is $165.62 and its 200 day simple moving average is $165.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market cap of $1.97 trillion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.13 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter in the previous year, the firm earned $1.44 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 7.64 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. Stockholders of record on Monday, September 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

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.