Antonelli Financial Advisors LLC Acquires 350 Shares of Alphabet Inc. $GOOG

Antonelli Financial Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,157 shares of the information services provider’s stock after buying an additional 350 shares during the period. Alphabet makes up 2.5% of Antonelli Financial Advisors LLC’s holdings, making the stock its 12th biggest holding. Antonelli Financial Advisors LLC’s holdings in Alphabet were worth $3,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GOOG. Brighton Jones LLC lifted its holdings in Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after buying an additional 6,410 shares during the period. Revisor Wealth Management LLC lifted its holdings in Alphabet by 107.9% in the first quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock valued at $572,000 after buying an additional 1,899 shares during the period. GAMMA Investing LLC lifted its holdings in Alphabet by 19.5% in the first quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider’s stock valued at $14,323,000 after buying an additional 14,931 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in Alphabet by 21.0% in the first quarter. Azzad Asset Management Inc. ADV now owns 2,794 shares of the information services provider’s stock valued at $436,000 after buying an additional 485 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in Alphabet by 7.9% in the first quarter. Sound Income Strategies LLC now owns 6,653 shares of the information services provider’s stock valued at $1,039,000 after buying an additional 489 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $249.44, for a total value of $149,664.00. Following the completion of the sale, the director directly owned 5,716 shares of the company’s stock, valued at approximately $1,425,799.04. This represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the sale, the insider directly owned 42,985 shares of the company’s stock, valued at $10,635,348.70. The trade was a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 276,338 shares of company stock worth $59,062,683 in the last ninety days. 12.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GOOG. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. Scotiabank upped their price objective on shares of Alphabet from $200.00 to $240.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 22nd. Raymond James Financial reiterated an “outperform” rating and set a $210.00 price objective (up previously from $185.00) on shares of Alphabet in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $232.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, September 3rd. Finally, Piper Sandler reiterated a “neutral” rating on shares of Alphabet in a report on Wednesday, July 9th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.00.

Alphabet Trading Up 3.0%

Shares of GOOG stock opened at $244.64 on Tuesday. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $256.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The company has a 50-day simple moving average of $227.94 and a two-hundred day simple moving average of $190.61. The company has a market capitalization of $2.96 trillion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.60 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. During the same period in the prior year, the firm posted $1.89 EPS. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

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.