Jackson Thornton Wealth Management LLC Buys 1,652 Shares of Alphabet Inc. $GOOG

Jackson Thornton Wealth Management LLC increased its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 38.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,961 shares of the information services provider’s stock after buying an additional 1,652 shares during the period. Jackson Thornton Wealth Management LLC’s holdings in Alphabet were worth $1,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GOOG. Vaughan David Investments LLC IL grew its stake in Alphabet by 8.9% in the third quarter. Vaughan David Investments LLC IL now owns 5,556 shares of the information services provider’s stock valued at $1,353,000 after acquiring an additional 453 shares during the period. Global View Capital Management LLC bought a new position in shares of Alphabet in the 3rd quarter worth $256,000. Inscription Capital LLC grew its position in Alphabet by 7.7% in the 3rd quarter. Inscription Capital LLC now owns 52,494 shares of the information services provider’s stock valued at $12,785,000 after purchasing an additional 3,743 shares during the period. Live Oak Investment Partners increased its stake in Alphabet by 0.7% during the 3rd quarter. Live Oak Investment Partners now owns 10,679 shares of the information services provider’s stock valued at $2,601,000 after purchasing an additional 69 shares in the last quarter. Finally, Americana Partners LLC increased its position in shares of Alphabet by 61.9% during the third quarter. Americana Partners LLC now owns 49,604 shares of the information services provider’s stock worth $12,081,000 after acquiring an additional 18,956 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $288.26, for a total transaction of $800,786.28. Following the sale, the chief accounting officer owned 11,739 shares of the company’s stock, valued at $3,383,884.14. The trade was a 19.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 17,829 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total value of $5,614,173.81. Following the completion of the transaction, the insider directly owned 42,972 shares of the company’s stock, valued at $13,531,453.08. The trade was a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 225,187 shares of company stock worth $69,365,318 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $333.59 on Tuesday. The firm has a market cap of $4.03 trillion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.81 and a beta of 1.09. The stock has a fifty day simple moving average of $317.29 and a two-hundred day simple moving average of $262.47. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $341.20.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a research report on Wednesday, December 17th. Jefferies Financial Group reissued a “buy” rating and issued a $365.00 price objective on shares of Alphabet in a research note on Monday, January 5th. DA Davidson set a $300.00 target price on Alphabet in a research report on Tuesday, November 25th. Raymond James Financial upgraded Alphabet from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $315.00 to $400.00 in a research note on Thursday. Finally, Rosenblatt Securities set a $279.00 target price on shares of Alphabet in a report on Thursday, October 30th. Eight analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $327.13.

Check Out Our Latest Report on Alphabet

About Alphabet

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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