Sachetta LLC Purchases 1,210 Shares of Alphabet Inc. (NASDAQ:GOOG)

Sachetta LLC raised its position in Alphabet Inc. (NASDAQ:GOOG) by 22.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,653 shares of the information services provider’s stock after purchasing an additional 1,210 shares during the quarter. Sachetta LLC’s holdings in Alphabet were worth $1,112,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Segall Bryant & Hamill LLC raised its stake in shares of Alphabet by 15.6% during the third quarter. Segall Bryant & Hamill LLC now owns 311,802 shares of the information services provider’s stock valued at $52,130,000 after acquiring an additional 42,016 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Alphabet during the 3rd quarter worth $4,519,000. Thompson Davis & CO. Inc. lifted its holdings in shares of Alphabet by 13.7% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 4,531 shares of the information services provider’s stock worth $758,000 after buying an additional 546 shares during the period. Avior Wealth Management LLC grew its position in shares of Alphabet by 5.7% during the 3rd quarter. Avior Wealth Management LLC now owns 24,940 shares of the information services provider’s stock worth $4,170,000 after buying an additional 1,344 shares in the last quarter. Finally, Aberdeen Wealth Management LLC increased its stake in shares of Alphabet by 5.0% during the third quarter. Aberdeen Wealth Management LLC now owns 5,396 shares of the information services provider’s stock valued at $902,000 after buying an additional 256 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total value of $1,862,805.00. Following the completion of the transaction, the director now owns 319,966 shares in the company, valued at $56,765,168.06. The trade was a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the sale, the chief accounting officer now directly owns 32,017 shares in the company, valued at approximately $5,136,807.48. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,295 shares of company stock worth $30,698,791 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOG opened at $179.58 on Wednesday. The company has a market capitalization of $2.20 trillion, a P/E ratio of 23.82, a P/E/G ratio of 1.22 and a beta of 1.04. Alphabet Inc. has a 52 week low of $129.40 and a 52 week high of $193.31. The stock’s fifty day moving average is $168.15 and its two-hundred day moving average is $171.87. 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 (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (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 firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. Equities analysts expect that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 yield of 0.45%. Alphabet’s dividend payout ratio is presently 10.61%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GOOG. Cantor Fitzgerald raised shares of Alphabet to a “hold” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. lifted their price objective on shares of Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. UBS Group boosted their price target on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price target on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Citigroup lifted their price target on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.