Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Boston Family Office LLC

Boston Family Office LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,171 shares of the information services provider’s stock after buying an additional 419 shares during the period. Boston Family Office LLC’s holdings in Alphabet were worth $9,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lantz Financial LLC lifted its stake in Alphabet by 10.8% during the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after purchasing an additional 452 shares in the last quarter. Simplicity Wealth LLC raised its holdings in shares of Alphabet by 3.7% in the 2nd quarter. Simplicity Wealth LLC now owns 163,814 shares of the information services provider’s stock valued at $29,839,000 after buying an additional 5,857 shares during the period. Founders Capital Management raised its holdings in shares of Alphabet by 6.3% in the 2nd quarter. Founders Capital Management now owns 1,685 shares of the information services provider’s stock valued at $307,000 after buying an additional 100 shares during the period. Legacy Financial Strategies LLC boosted its holdings in Alphabet by 14.0% during the 2nd quarter. Legacy Financial Strategies LLC now owns 5,981 shares of the information services provider’s stock valued at $1,111,000 after acquiring an additional 736 shares during the period. Finally, Indiana Trust & Investment Management CO grew its position in Alphabet by 3.1% in the 2nd quarter. Indiana Trust & Investment Management CO now owns 50,432 shares of the information services provider’s stock valued at $9,186,000 after acquiring an additional 1,518 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GOOGL shares. DA Davidson assumed coverage on shares of Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price target on the stock. Wells Fargo & Company increased their target price on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Tigress Financial boosted their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 26th. The Goldman Sachs Group reduced their price objective on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Sanford C. Bernstein upped their price target on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $205.90.

Alphabet Price Performance

Alphabet stock opened at $174.71 on Monday. The business has a 50 day simple moving average of $169.51 and a 200-day simple moving average of $170.20. Alphabet Inc. has a 12 month low of $129.68 and a 12 month high of $191.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $2.14 trillion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.24 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the prior year, the firm earned $1.55 EPS. Equities analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Insiders Place Their Bets

In related news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the sale, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. The trade was a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the transaction, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at $4,421,948.46. This represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,624 shares of company stock worth $27,803,730. Company insiders own 11.55% of the company’s stock.

About Alphabet

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.