Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Holistic Financial Partners

Holistic Financial Partners grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 12.0% during the third quarter, HoldingsChannel.com reports. The firm owned 3,568 shares of the information services provider’s stock after purchasing an additional 382 shares during the period. Holistic Financial Partners’ holdings in Alphabet were worth $592,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GOOGL. Aviso Wealth Management raised its position in shares of Alphabet by 3.6% during the 3rd quarter. Aviso Wealth Management now owns 43,583 shares of the information services provider’s stock valued at $7,228,000 after acquiring an additional 1,526 shares in the last quarter. LMR Partners LLP bought a new stake in Alphabet during the third quarter valued at $32,000. Taurus Asset Management LLC raised its holdings in shares of Alphabet by 3.3% during the third quarter. Taurus Asset Management LLC now owns 7,542 shares of the information services provider’s stock worth $1,251,000 after purchasing an additional 242 shares during the period. Richard C. Young & CO. LTD. lifted its position in shares of Alphabet by 1.6% in the 3rd quarter. Richard C. Young & CO. LTD. now owns 113,878 shares of the information services provider’s stock worth $18,887,000 after buying an additional 1,753 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of Alphabet by 129.6% in the 3rd quarter. Quest Partners LLC now owns 20,999 shares of the information services provider’s stock valued at $3,483,000 after buying an additional 11,855 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on GOOGL. Wedbush reissued an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a report on Thursday, October 24th. Evercore ISI raised their price target on Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. 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. Finally, The Goldman Sachs Group lowered their price target on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.90.

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the transaction, the director now owns 330,466 shares in the company, valued at approximately $59,741,643.48. The trade was a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 21,467 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.35, for a total value of $3,442,233.45. Following the completion of the sale, the insider now directly owns 39,334 shares of the company’s stock, valued at approximately $6,307,206.90. This represents a 35.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 206,795 shares of company stock valued at $34,673,866. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Down 0.2 %

Shares of Alphabet stock opened at $168.95 on Monday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $127.90 and a 12-month high of $191.75. The firm has a market capitalization of $2.07 trillion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.20 and a beta of 1.03. The stock’s fifty day moving average is $168.47 and its 200-day moving average is $170.31.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the previous year, the company earned $1.55 EPS. Equities analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Alphabet 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.