Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.7% during the third quarter, Holdings Channel reports. The firm owned 2,898 shares of the information services provider’s stock after acquiring an additional 75 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Alphabet were worth $481,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Denali Advisors LLC grew its position in shares of Alphabet by 6.0% during the first quarter. Denali Advisors LLC now owns 7,100 shares of the information services provider’s stock worth $1,072,000 after acquiring an additional 400 shares during the last quarter. KFG Wealth Management LLC grew its position in Alphabet by 30.1% in the 1st quarter. KFG Wealth Management LLC now owns 2,491 shares of the information services provider’s stock worth $376,000 after purchasing an additional 577 shares during the last quarter. BluePath Capital Management LLC increased its stake in shares of Alphabet by 18.9% in the first quarter. BluePath Capital Management LLC now owns 3,569 shares of the information services provider’s stock valued at $539,000 after purchasing an additional 568 shares during the period. E&G Advisors LP raised its holdings in shares of Alphabet by 0.4% during the first quarter. E&G Advisors LP now owns 53,945 shares of the information services provider’s stock valued at $8,142,000 after buying an additional 194 shares during the last quarter. Finally, OMNI 360 Wealth Inc. boosted its position in shares of Alphabet by 5.6% during the first quarter. OMNI 360 Wealth Inc. now owns 1,972 shares of the information services provider’s stock worth $298,000 after buying an additional 105 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on GOOGL. Wells Fargo & Company lifted their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Mizuho increased their target price on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Roth Mkm upped their price target on shares of Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, DA Davidson started coverage on Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.51.

Alphabet Stock Down 1.2 %

Alphabet stock opened at $169.24 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1-year low of $127.90 and a 1-year high of $191.75. The firm’s fifty day simple moving average is $162.49 and its 200-day simple moving average is $169.20. The company has a market capitalization of $2.08 trillion, a P/E ratio of 22.45, a P/E/G ratio of 1.23 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 7.91 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the completion of the transaction, the chief executive officer now directly owns 2,182,385 shares in the company, valued at $354,310,204.75. 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 other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the sale, the chief executive officer now directly owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,835 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the sale, the chief accounting officer now owns 29,182 shares in the company, valued at approximately $4,421,948.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 232,052 shares of company stock valued at $38,086,723 in the last three months. Company insiders own 11.55% of the company’s stock.

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.