Alphabet Inc. $GOOG Stake Decreased by DSG Capital Advisors LLC

DSG Capital Advisors LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 19.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,927 shares of the information services provider’s stock after selling 1,623 shares during the quarter. DSG Capital Advisors LLC’s holdings in Alphabet were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. IFS Advisors LLC grew its position in Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after buying an additional 120 shares in the last quarter. WestEnd Advisors LLC lifted its stake in shares of Alphabet by 58.7% in the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after acquiring an additional 61 shares during the period. Fairman Group LLC boosted its holdings in shares of Alphabet by 121.3% in the second quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 97 shares in the last quarter. University of Illinois Foundation acquired a new position in shares of Alphabet during the second quarter valued at approximately $31,000. Finally, Manning & Napier Advisors LLC bought a new stake in Alphabet during the third quarter worth approximately $32,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Alphabet stock opened at $340.70 on Wednesday. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $350.15. The firm’s 50 day simple moving average is $321.78 and its 200-day simple moving average is $269.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $4.11 trillion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.08 and a beta of 1.10.

Alphabet Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, December 8th. Alphabet’s payout ratio is presently 8.28%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, January 21st. Truist Financial set a $350.00 target price on Alphabet in a research note on Friday, December 5th. Oppenheimer lifted their target price on Alphabet from $300.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. TD Cowen reissued a “buy” rating on shares of Alphabet in a report on Tuesday, January 13th. Finally, Guggenheim restated a “buy” rating and set a $375.00 price objective on shares of Alphabet in a research report on Monday, December 1st. Eight analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $330.83.

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Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $340.00, for a total transaction of $34,680.00. Following the transaction, the director directly owned 18,307 shares of the company’s stock, valued at approximately $6,224,380. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $337.52, for a total value of $202,512.00. Following the completion of the sale, the director directly owned 21,224 shares of the company’s stock, valued at approximately $7,163,524.48. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 2,037,964 shares of company stock worth $95,259,727. Insiders own 12.99% of the company’s stock.

Alphabet Profile

(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

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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