Strategic Investment Solutions Inc. IL Purchases 197 Shares of Alphabet Inc. $GOOG

Strategic Investment Solutions Inc. IL increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,754 shares of the information services provider’s stock after acquiring an additional 197 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in Alphabet were worth $311,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Principia Wealth Advisory LLC raised its stake in shares of Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after acquiring an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of Alphabet during the 1st quarter worth approximately $26,000. Goodman Advisory Group LLC bought a new position in shares of Alphabet during the 1st quarter worth approximately $32,000. Greykasell Wealth Strategies Inc. acquired a new position in Alphabet during the 1st quarter valued at approximately $32,000. Finally, Elevate Wealth Advisory Inc. acquired a new position in Alphabet during the 1st quarter valued at approximately $34,000. Institutional investors own 27.26% of the company’s stock.

Insider Activity

In related news, insider John Kent Walker sold 23,820 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the sale, the insider directly owned 42,999 shares of the company’s stock, valued at approximately $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $249.44, for a total transaction of $149,664.00. Following the sale, the director directly owned 5,716 shares in the company, valued at $1,425,799.04. This trade represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 258,088 shares of company stock valued at $52,405,304 in the last three months. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GOOG shares. Cowen restated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. KeyCorp set a $265.00 price target on shares of Alphabet in a research note on Wednesday, September 3rd. The Goldman Sachs Group restated a “buy” rating and set a $220.00 price target on shares of Alphabet in a research note on Monday, June 2nd. Pivotal Research upped their price target on shares of Alphabet from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Finally, Robert W. Baird upped their price target on shares of Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $230.35.

Alphabet Stock Up 0.2%

NASDAQ:GOOG opened at $247.18 on Friday. The firm has a market capitalization of $2.99 trillion, a P/E ratio of 26.32, a PEG ratio of 1.67 and a beta of 1.01. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $256.70. The company’s fifty day moving average price is $216.61 and its 200-day moving average price is $184.39. 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:GOOG) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.19. The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.89 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is 8.95%.

About Alphabet

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.