Alphabet Inc. $GOOGL Holdings Lifted by GSG Advisors LLC

GSG Advisors LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,811 shares of the information services provider’s stock after purchasing an additional 209 shares during the period. GSG Advisors LLC’s holdings in Alphabet were worth $1,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mystic Asset Management Inc. grew its position in Alphabet by 6.7% in the 1st quarter. Mystic Asset Management Inc. now owns 28,454 shares of the information services provider’s stock worth $4,400,000 after purchasing an additional 1,791 shares during the last quarter. Harbour Trust & Investment Management Co lifted its stake in shares of Alphabet by 0.3% in the 1st quarter. Harbour Trust & Investment Management Co now owns 27,075 shares of the information services provider’s stock worth $4,187,000 after acquiring an additional 80 shares during the period. Rockbridge Capital Management LLC acquired a new stake in shares of Alphabet in the 4th quarter worth approximately $3,119,000. Cypress Capital LLC lifted its stake in shares of Alphabet by 4.1% in the 1st quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider’s stock worth $2,213,000 after acquiring an additional 563 shares during the period. Finally, Falcon Wealth Planning lifted its stake in shares of Alphabet by 15.7% in the 1st quarter. Falcon Wealth Planning now owns 9,898 shares of the information services provider’s stock worth $1,531,000 after acquiring an additional 1,340 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 3.2%

GOOGL stock opened at $206.09 on Friday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $208.54. The firm has a market cap of $2.49 trillion, a PE ratio of 21.95, a P/E/G ratio of 1.34 and a beta of 1.01. The firm has a 50 day simple moving average of $186.81 and a 200 day simple moving average of $173.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96,428,000 billion during the quarter, compared to analyst estimates of $93.60 billion. Equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet’s dividend payout ratio is 8.95%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of Alphabet from $203.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Guggenheim upped their price target on shares of Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Roth Capital upped their price target on shares of Alphabet from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday. Finally, Westpark Capital upped their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.53.

Insider Activity

In related news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $203.79, for a total value of $122,274.00. Following the completion of the sale, the director owned 6,316 shares in the company, valued at approximately $1,287,137.64. This represents a 8.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the completion of the sale, the director owned 240,400 shares of the company’s stock, valued at approximately $44,656,704. This trade represents a 5.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,719 shares of company stock worth $47,223,172 in the last quarter. Insiders own 11.64% 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.