Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Little House Capital LLC

Little House Capital LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 26.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,716 shares of the information services provider’s stock after purchasing an additional 11,316 shares during the quarter. Alphabet accounts for about 3.1% of Little House Capital LLC’s portfolio, making the stock its 8th biggest position. Little House Capital LLC’s holdings in Alphabet were worth $9,967,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GOOGL. Gratus Capital LLC lifted its stake in Alphabet by 17.1% in the 4th quarter. Gratus Capital LLC now owns 225,943 shares of the information services provider’s stock valued at $31,562,000 after acquiring an additional 33,039 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its holdings in shares of Alphabet by 7.0% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 76,863 shares of the information services provider’s stock valued at $10,737,000 after purchasing an additional 5,057 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Alphabet by 1.2% in the fourth quarter. Checchi Capital Advisers LLC now owns 48,300 shares of the information services provider’s stock worth $6,747,000 after purchasing an additional 564 shares in the last quarter. Partnership Wealth Management LLC acquired a new position in Alphabet during the fourth quarter worth $80,000. Finally, King Wealth Management Group grew its position in Alphabet by 5.0% in the fourth quarter. King Wealth Management Group now owns 49,758 shares of the information services provider’s stock valued at $6,951,000 after purchasing an additional 2,388 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 0.4 %

Shares of GOOGL opened at $158.06 on Tuesday. The stock’s 50-day moving average price is $166.84 and its two-hundred day moving average price is $165.01. Alphabet Inc. has a 12 month low of $120.21 and a 12 month high of $191.75. The company has a market capitalization of $1.95 trillion, a PE ratio of 24.24, a PEG ratio of 1.13 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The company 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 previous year, the firm earned $1.44 earnings per share. On average, analysts anticipate that Alphabet Inc. will post 7.64 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, September 9th. Alphabet’s dividend payout ratio is currently 12.27%.

Insider Transactions at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was 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 directly owns 312,210 shares in the company, valued at approximately $50,765,346. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the sale, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The disclosure for this sale can be found here. Insiders sold a total of 180,167 shares of company stock worth $30,139,931 over the last three months. 11.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GOOGL shares. Wolfe Research began coverage on shares of Alphabet in a research note on Tuesday, July 16th. They set an “outperform” rating and a $240.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and set a $205.00 price target on shares of Alphabet in a research report on Thursday, September 5th. Royal Bank of Canada increased their price objective on Alphabet from $200.00 to $204.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price target on shares of Alphabet in a research report on Monday. Finally, DA Davidson assumed coverage on shares of Alphabet in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $201.08.

Alphabet Company 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.