SYM FINANCIAL Corp Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

SYM FINANCIAL Corp lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 114.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,373 shares of the information services provider’s stock after acquiring an additional 4,477 shares during the period. Alphabet accounts for about 0.2% of SYM FINANCIAL Corp’s holdings, making the stock its 28th biggest position. SYM FINANCIAL Corp’s holdings in Alphabet were worth $1,525,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GOOGL. Client 1ST Advisory Group LLC acquired a new position in shares of Alphabet during the 2nd quarter worth $226,000. Hardin Capital Partners LLC purchased a new stake in Alphabet during the second quarter worth about $272,000. Zions Bancorporation N.A. grew its position in Alphabet by 75.1% during the second quarter. Zions Bancorporation N.A. now owns 29,117 shares of the information services provider’s stock worth $5,304,000 after buying an additional 12,488 shares during the period. RS Crum Inc. acquired a new stake in shares of Alphabet during the 2nd quarter valued at approximately $221,000. Finally, Scarborough Advisors LLC boosted its stake in shares of Alphabet by 12.4% during the 2nd quarter. Scarborough Advisors LLC now owns 2,993 shares of the information services provider’s stock worth $545,000 after acquiring an additional 330 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GOOGL shares. Truist Financial reissued a “buy” rating and issued a $196.00 price target on shares of Alphabet in a report on Monday, September 16th. Royal Bank of Canada upped their target price on shares of Alphabet from $200.00 to $204.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Argus lifted their price target on shares of Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Morgan Stanley reduced their price objective on shares of Alphabet from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Finally, Bank of America boosted their price target on Alphabet from $200.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $201.35.

Alphabet Trading Up 0.7 %

Shares of GOOGL stock opened at $163.95 on Friday. Alphabet Inc. has a 12-month low of $120.21 and a 12-month high of $191.75. The firm has a 50 day moving average price of $163.11 and a two-hundred day moving average price of $166.11. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.03 trillion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the prior year, the firm posted $1.44 EPS. As a group, analysts predict that Alphabet Inc. will post 7.63 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were given a $0.20 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Alphabet’s dividend payout ratio is currently 12.27%.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 700 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.00, for a total transaction of $115,500.00. Following the sale, the director now owns 27,824 shares in the company, valued at approximately $4,590,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 700 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $165.00, for a total value of $115,500.00. Following the completion of the transaction, the director now directly owns 27,824 shares of the company’s stock, valued at $4,590,960. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,867 shares of company stock valued at $29,878,106. 11.55% of the stock is currently owned by insiders.

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.