Alphabet Inc. $GOOG Stock Holdings Lifted by Plancorp LLC

Plancorp LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 32.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,690 shares of the information services provider’s stock after acquiring an additional 4,565 shares during the period. Plancorp LLC’s holdings in Alphabet were worth $6,368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Denali Advisors LLC lifted its stake in Alphabet by 14.8% in the second quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider’s stock valued at $37,449,000 after buying an additional 13,700 shares during the last quarter. Heck Capital Advisors LLC grew its position in shares of Alphabet by 298.2% during the second quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider’s stock worth $7,854,000 after acquiring an additional 16,647 shares during the last quarter. Montchanin Asset Management LLC bought a new position in shares of Alphabet during the first quarter worth about $7,075,000. NBT Bank N.A. bought a new position in shares of Alphabet during the third quarter worth about $47,537,000. Finally, Sax Wealth Advisors LLC increased its holdings in shares of Alphabet by 13.3% in the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider’s stock worth $10,773,000 after acquiring an additional 3,575 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 247 shares of company stock worth $79,238 over the last quarter. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of analyst reports. Wells Fargo & Company set a $365.00 target price on shares of Alphabet in a research note on Monday, November 2nd. Roth Capital raised their price target on shares of Alphabet from $435.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. TD Cowen restated a “buy” rating and issued a $460.00 price target (down from $485.00) on shares of Alphabet in a research note on Thursday, October 29th. Scotiabank reaffirmed a “sector outperform” rating and set a $375.00 price target (down from $450.00) on shares of Alphabet in a report on Thursday, October 29th. Finally, Citizens Jmp downgraded Alphabet from a “mkt outperform” rating to a “market perform” rating in a research report on Thursday, October 29th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.38.

Read Our Latest Research Report on GOOG

Trending Headlines about Alphabet

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Alphabet Price Performance

GOOG stock opened at $283.93 on Monday. The firm’s 50-day moving average is $329.78 and its two-hundred day moving average is $337.01. The company has a market capitalization of $3.49 trillion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 0.86 and a beta of 1.21. Alphabet Inc. has a 52 week low of $271.41 and a 52 week high of $404.47. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. During the same quarter last year, the business posted $2.87 earnings per share. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, analysts forecast that Alphabet Inc. will post 19.80 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet’s payout ratio is presently 4.59%.

About Alphabet

(Free Report)

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.

Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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