Focused Wealth Management Inc Has $1.44 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Focused Wealth Management Inc lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 6.4% in the third quarter, HoldingsChannel reports. The firm owned 8,624 shares of the information services provider’s stock after purchasing an additional 517 shares during the period. Focused Wealth Management Inc’s holdings in Alphabet were worth $1,442,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. China Universal Asset Management Co. Ltd. raised its stake in Alphabet by 360.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 20,249 shares of the information services provider’s stock valued at $3,083,000 after purchasing an additional 15,848 shares during the period. Hosking Partners LLP lifted its stake in Alphabet by 0.6% in the 1st quarter. Hosking Partners LLP now owns 729,570 shares of the information services provider’s stock worth $111,084,000 after acquiring an additional 4,442 shares in the last quarter. Gilbert & Cook Inc. lifted its stake in Alphabet by 27.0% in the 1st quarter. Gilbert & Cook Inc. now owns 37,035 shares of the information services provider’s stock worth $5,639,000 after acquiring an additional 7,876 shares in the last quarter. Quent Capital LLC grew its stake in Alphabet by 5.8% during the 1st quarter. Quent Capital LLC now owns 32,706 shares of the information services provider’s stock valued at $4,980,000 after acquiring an additional 1,798 shares in the last quarter. Finally, GSB Wealth Management LLC grew its stake in Alphabet by 5.9% during the 1st quarter. GSB Wealth Management LLC now owns 17,891 shares of the information services provider’s stock valued at $2,724,000 after acquiring an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In related 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 value of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. 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 Alphabet stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the sale, the chief accounting officer now owns 32,017 shares in the company, valued at $5,136,807.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,552 shares of company stock worth $34,433,848. 12.99% of the stock is currently owned by company insiders.

Alphabet Trading Up 0.4 %

Alphabet stock opened at $171.41 on Wednesday. Alphabet Inc. has a 52 week low of $129.40 and a 52 week high of $193.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market capitalization of $2.11 trillion, a PE ratio of 22.73, a PEG ratio of 1.22 and a beta of 1.04. The business’s 50-day simple moving average is $163.97 and its 200-day simple moving average is $170.83.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 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 company had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. During the same period in the previous year, the business posted $1.55 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities research analysts forecast that Alphabet Inc. will post 7.97 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared 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 presently 10.61%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group raised their price target on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. DA Davidson raised Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Finally, Barclays boosted their price target on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $200.56.

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.