Helen Stephens Group LLC Purchases 543 Shares of Alphabet Inc. (NASDAQ:GOOG)

Helen Stephens Group LLC grew its position in Alphabet Inc. (NASDAQ:GOOG) by 36.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,030 shares of the information services provider’s stock after purchasing an additional 543 shares during the period. Helen Stephens Group LLC’s holdings in Alphabet were worth $339,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hoxton Planning & Management LLC increased its position in shares of Alphabet by 3.0% in the third quarter. Hoxton Planning & Management LLC now owns 3,801 shares of the information services provider’s stock valued at $635,000 after acquiring an additional 109 shares during the last quarter. WealthCare Investment Partners LLC increased its position in shares of Alphabet by 5.9% in the third quarter. WealthCare Investment Partners LLC now owns 1,570 shares of the information services provider’s stock valued at $258,000 after acquiring an additional 88 shares during the last quarter. Gratus Wealth Advisors LLC increased its position in shares of Alphabet by 14.3% in the third quarter. Gratus Wealth Advisors LLC now owns 32,092 shares of the information services provider’s stock valued at $5,276,000 after acquiring an additional 4,011 shares during the last quarter. Talbot Financial LLC increased its position in shares of Alphabet by 2.3% in the third quarter. Talbot Financial LLC now owns 188,097 shares of the information services provider’s stock valued at $31,448,000 after acquiring an additional 4,237 shares during the last quarter. Finally, Leibman Financial Services Inc. increased its position in shares of Alphabet by 0.7% in the third quarter. Leibman Financial Services Inc. now owns 26,423 shares of the information services provider’s stock valued at $4,418,000 after acquiring an additional 181 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

NASDAQ GOOG opened at $165.70 on Wednesday. The company has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a twelve month low of $121.46 and a twelve month high of $193.31. The stock has a fifty day simple moving average of $163.40 and a 200 day simple moving average of $169.02. 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 (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 $84.22 billion. During the same period last year, the business posted $1.44 EPS. The business’s revenue was up 13.6% compared to the same quarter last year. Sell-side analysts expect that Alphabet Inc. will post 7.63 EPS for the current year.

Alphabet Dividend Announcement

The firm 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. 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 0.48%. Alphabet’s payout ratio is currently 12.27%.

Analyst Ratings Changes

GOOG has been the topic of a number of recent analyst reports. Oppenheimer lowered their price target on Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Pivotal Research initiated coverage on Alphabet in a research report on Tuesday, October 1st. They set a “buy” rating and a $215.00 price target on the stock. Wolfe Research raised Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Rosenblatt Securities cut Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a report on Friday, June 28th. Finally, Cantor Fitzgerald upgraded Alphabet to a “hold” rating in a report on Thursday, September 5th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $184.11.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $182.84, for a total transaction of $4,113,900.00. Following the completion of the transaction, the chief executive officer now directly owns 2,204,885 shares in the company, valued at approximately $403,141,173.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 217,592 shares of company stock valued at $35,922,911 in the last 90 days. 12.99% 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.