Investment House LLC Has $51.74 Million Stake in Alphabet Inc. $GOOG

Investment House LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,428 shares of the information services provider’s stock after buying an additional 10,752 shares during the quarter. Alphabet accounts for approximately 2.5% of Investment House LLC’s portfolio, making the stock its 9th largest holding. Investment House LLC’s holdings in Alphabet were worth $51,737,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GOOG. BankPlus Wealth Management LLC grew its holdings in shares of Alphabet by 1.2% in the third quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider’s stock worth $766,000 after purchasing an additional 37 shares during the last quarter. Cedar Mountain Advisors LLC raised its holdings in Alphabet by 11.8% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 370 shares of the information services provider’s stock valued at $90,000 after buying an additional 39 shares during the last quarter. Higgins & Schmidt Wealth Strategies LLC boosted its position in Alphabet by 2.2% during the 3rd quarter. Higgins & Schmidt Wealth Strategies LLC now owns 1,818 shares of the information services provider’s stock valued at $443,000 after buying an additional 40 shares during the period. Hartmann Taylor Wealth Management LLC boosted its position in Alphabet by 2.3% during the 3rd quarter. Hartmann Taylor Wealth Management LLC now owns 1,813 shares of the information services provider’s stock valued at $442,000 after buying an additional 40 shares during the period. Finally, Riverbend Wealth Management LLC grew its holdings in Alphabet by 1.0% in the 3rd quarter. Riverbend Wealth Management LLC now owns 4,198 shares of the information services provider’s stock worth $1,023,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $338.53 on Friday. The stock’s 50 day simple moving average is $320.91 and its two-hundred day simple moving average is $266.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $4.09 trillion, a price-to-earnings ratio of 33.39, a PEG ratio of 1.86 and a beta of 1.09. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $342.29.

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

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s dividend payout ratio is currently 8.28%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GOOG. Mizuho set a $325.00 price objective on shares of Alphabet in a research note on Thursday, October 30th. Bank of America boosted their price target on Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $370.00 price target on shares of Alphabet in a research report on Tuesday, January 20th. Loop Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, Piper Sandler boosted their target price on Alphabet from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $330.83.

Read Our Latest Analysis on Alphabet

More Alphabet News

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Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $327.30, for a total transaction of $10,637,250.00. Following the sale, the chief executive officer owned 2,211,872 shares of the company’s stock, valued at $723,945,705.60. The trade was a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 102 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $340.00, for a total value of $34,680.00. Following the completion of the sale, the director directly owned 18,307 shares in the company, valued at approximately $6,224,380. This represents a 0.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,070,485 shares of company stock worth $104,428,169. 12.99% of the stock is owned by insiders.

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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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