Alphabet Inc. (NASDAQ:GOOGL) Holdings Lifted by Insight Inv LLC

Insight Inv LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,700 shares of the information services provider’s stock after acquiring an additional 345 shares during the period. Alphabet comprises about 2.3% of Insight Inv LLC’s holdings, making the stock its 10th largest holding. Insight Inv LLC’s holdings in Alphabet were worth $2,770,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Lantz Financial LLC increased its stake in shares of Alphabet by 10.8% in the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after acquiring an additional 452 shares during the last quarter. Spectrum Wealth Advisory Group LLC acquired a new stake in Alphabet during the second quarter valued at $218,000. Hendley & Co. Inc. purchased a new position in Alphabet in the second quarter valued at about $377,000. ORG Partners LLC increased its position in Alphabet by 8,770.8% in the 2nd quarter. ORG Partners LLC now owns 12,774 shares of the information services provider’s stock worth $2,334,000 after purchasing an additional 12,630 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Alphabet by 7.6% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 22,213 shares of the information services provider’s stock worth $4,046,000 after purchasing an additional 1,576 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company increased their price objective on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Morgan Stanley raised their price target on shares of Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Pivotal Research upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. Finally, Loop Capital boosted their price target on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $206.08.

Alphabet Stock Up 3.6 %

NASDAQ GOOGL opened at $196.66 on Tuesday. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $199.00. The company has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.39 and a beta of 1.01. The stock’s 50 day moving average is $172.31 and its two-hundred day moving average is $170.80. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating 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 business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the previous year, the firm earned $1.55 EPS. Equities analysts forecast that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s payout ratio is 10.61%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, the director now directly owns 23,324 shares of the company’s stock, valued at $4,529,987.28. The trade was a 6.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the sale, the director now directly owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 198,623 shares of company stock valued at $34,413,006. 11.55% of the stock is owned by 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.